Investors have been eagerly anticipating a timber exchange traded fund (ETF) to come to the U.S. and were encouraged when Barclay’s Global Investors launched the iShares Global Timber and Forestry ETF in the U.K.
At last, our own timber ETF is here: The Claymore/Clear Global Timber Index (CUT) launched today on the American Stock Exchange.
According to Business Wire, the stocks in the index are selected from a group of global timber companies defined as firms who own or lease forested land and harvest the timber from such forested land for commercial use and sale of wood-based products. That means anything from lumber and pulp to paper and packaging.
Might the folks at Dunder-Mifflin have any interest in this ETF?
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