The iShares Global Timber & Forestry ETF (WOOD) has significantly underperformed the broader market offer the last year. WOOD is also now following the market further down. On extreme market weakness, this ETF may make strong long term investment due to the relative value and potential for income production, including the significant timber REIT exposure this ETF has.
WOOD has significant REIT exposure
WOOD offers exposure to products made of wood, such as lumber, paper and packaging, but it is primarily a timber REIT. The underperformance of the ETF is primarily due to