Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2.3Mb PDF) When the COVID-19 pandemic began in the United States in the spring of 2020, like most business sectors, the forest products industry experienced a lull in activity. However, lumber prices in the South rebounded quickly and dramatically and are now at all-time highs. This [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.9Mb PDF) As we are in the midst of the fallout of the COVID-19 pandemic, China is a focus for a number of reasons. The pandemic will undoubtedly cause companies and countries to reexamine their supply chains and the risks associated with having too much exposure [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2.4Mb PDF) When investors and their consultants examine the timberland asset class and try to understand its inherent risk factors, and specifically those created by a particular management style or strategy, they often look for a framework to assist in the evaluation process. In “Timberland Investments: [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (694Kb PDF) One of the common questions posed by investors is whether or not the recovery has been fully "baked into" the current underwriting of timberland acquisitions. Typically, the answers we provide are based on our direct participation in the markets. However, in "FOMO: Have you [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2.3Mb PDF) The threat of climate change is one of the most pressing issues facing the global community today – and investors are playing an important part in addressing global warming through both their investment activities and the environmental, social and governance (ESG) policies they are [...]