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WOOD - WOOD: Prospects Are Unlikely To Excite Long-Term Investors
iShares S&P Global Timber & Forestry Index Fund
2024-05-29 13:23:37 ET
Summary
iShares Global Timber & Forestry ETF aims to profit from the global timber market, but investors should expect slow growth from this mature industry.
WOOD has outperformed its closest peer over the last decade but has been beaten definitively by the S&P 500 in terms of total return.
The ETF's holdings are unfortunately not strictly limited to the timber industry, with some emphasizing machinery and packaging.
Investors who are desperate to invest in the timber industry would probably do better by picking individual stocks emphasizing the start of the timber value chain.