Timber investment: The new branch of real assets
Returns on timber investments have been good during inflation, and could help hedge other holdings.Learn More
The size, breadth and tangible nature of the assets make real assets a foundational asset class. Core/core plus real assets include infrastructure, transport, timber and traditional real estate properties, but real estate also includes non-traditional sectors such as assisted living, industrial, hotels, data storage and student housing. These sectors offer different risk and reward profiles based on their underlying assets.
Real assets have typically exhibited low correlations to traditional asset classes. For example, core real estate has historically been a stable source of income that is uncorrelated to a traditional bond portfolio.
Real assets is one of the only inflation-adjusted asset classes. Service contracts and rent increases can protect against the effects of expected and unexpected inflation.
The long-term lease structures of core real assets may provide strong, predictable cash flow and stability to the return stream.
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Investing in alternartive assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments involve greater risks than traditional investments and should not be deemed a complete investment program. They may not be tax efficient and an investor should consult with his/her tax advisor prior to investing. Alternative investments have higher fees than traditional investments and they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain. The value of the investment may fall as well as rise and investors may get back less than they invested.
While investments in private equity funds provide potential for attractive returns, access to opportunities not available in the public markets and diversification, they also present significant risks including illiquidity, long-term time horizons, loss of capital and significant execution and operating risks that are not typically present in public equity markets. Private equity funds typically have a 10-15 year term and will begin to monetize investments after holding them for 4-5 years.
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