Pictet launches timber fund

The fund is the latest addition to Pictet's range of theme and sector products, which already includes specialist funds in the biotechnology, water, clean energy and digital communications sectors. Previously, investment in timberland and wood products has largely been the preserve of private equity, delivering attractive long term returns with low correlation and diversification benefits. Pictet's fund seeks to tap into the timber theme by investing in listed stocks, with a focus on companies that own and/or manage forests and timberland. This approach will enable investors to profit fr...