CME Lumber futures were up 2.8% Friday, trading around $373.8 per thousand board feet.
Investors interested in the wood market can gain exposure through ETFs that track global timber-related companies, such as the Guggenheim Timber ETF (NYSEArca: CUT) and iShares Global Timber & Forestry ETF (NYSEArca: WOOD).
CUT’s top holdings include Smurfit Kappa Group 8.5%, West Fraser Timber 5.7% and Svenska Cellulosa 5.5%. Top country allocations include U.S. 33.2%, Japan 16.2% and Brazil. The ETF is up 25.1% year-to-date.
WOOD’s top holdings include Weyerhaeuser 8.1%, Plum Creek Timber 7.9% and Rayonier 7.5%. Top country allocations include U.S. 47.8%, Canada 11.5% and Brazil 9.5%. The ETF is up 17.0% year-to-date.
For more information on lumber producers, visit our timber category.
Max Chen contributed to this article.