Forestry Investment Management launches timber fund

Forestry Investment Management (FIM) has launched a UK forestry fund offering investors tax-free returns targeted at around 5% per annum. The Timber Growth Fund, an unregulated investment vehicle, will invest in undervalued timber stocks where the base return is made through the growth of trees, offering the best prospects for capital growth, according to FIM director Colin Lees-Millais. Because the fund invests in a tangible asset, growing timber, it is free from income and capital gains tax. Returns are achieved through the physical growth of the trees and will benefit from any incre...