Confidence in timber investment funds has been heightened after a major American state pension fund decided to put $500 million into timber.
Massachusetts Pension Reserves Investment Management Board (Mass PRIM) has decided to make the investment just three years after selling a $700 million section of its timber portfolio.
Senior timber investment officer at Mass PRIM, Tim Schlitzer, said it was a perfect time to reinvest in the long-term benefits that timber can provide.