Although the U.S. still does not have a timber and forestry exchange traded fund (ETF), one recently launched in the U.K., hopefully indicating that ours is coming soon. Barclays Global Investors, launched the first iShares Global Timber and Forestry ETF on the sector on the London Stock Exchange today.

The ETF will track the Standard & Poor’s (S&P) Timber and Forestry Index, which was launched last month. The index has 25 underlying stocks, including U.S. timber real estate investment trusts, forest product companies and paper packaging companies. The common component is that all the companies own and manage their own forest land, reports Sophia Grene for The Financial Times. Although the ETF has a 40% allocation to the U.S., the fund has significant allocations to Canada, Brazil, Finland, Sweden, Spain, Japan and South Africa as well.

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