Timberland returns grow 0.75% in the third quarter
Timberland posted its highest quarterly return since the first quarter of 2011, and it's largest third-quarter gain since 2008. The asset class, which returned 0.75% during the quarter, is up 1.7% year-to-date. Optimism about a recovering housing sector, as well as concerns about rising inflation could spark significant interest in timberland investments. Jeremy Grantham of Grantham Mayo Van Otterloo recently forecast that the asset class would outperform all others over the next seven years, with an annualized return of 6.5%.