- A global Forestry fund
- Invest in companies involved in the whole timber process, including forest and timberland, furniture and pulp
- Invests in 40 to 50 stocks out of 200 in its investment universe
- Pictet use a Swiss company, Ethos, for their engagement policies with companies they invest in
Fund summaryThe Pictet-Timber fund does not invest directly in forests and timberland but in selected listed companies, active in the entire timber value chain. However, the fund puts a strong emphasis on companies who own and/or manage forests and timberland, in order to offer investors the opportunity to capture the essential benefits of the timber asset class whilst providing them with higher liquidity.
Gabriel Micheli - Fund Manager
Gabriel Micheli joined Pictet Asset Management in 2006 and is an Investment Manager in the Sector & Theme Funds team. Gabriel is a Chartered Financial Analyst (CFA) charterholder. He graduated with a degree in Economics from the University of St. Gallen.
Christoph Butz - Fund Manager
Christoph Butz joined Pictet Asset Management in 2002. He is a sustainability expert responsible for the development and implementation of sustainable investment concepts.He previously worked for Bank Sarasin & Cie in Basle as deputy head of sustainability research. Christoph has gathered practical experience in the field of natural resources management in Canada, Switzerland and Brazil. He is also the co-founder and former partner of an engineering consultancy specialised in climate-protection projects within the framework of the Kyoto Protocol.
Ethical screens and 'informal screens'This fund has 2 full or informal screens applied:
To find out more about ethical screens, click here.
Although the fund does not have an ethical screen, it would not invest in or be associated with companies that are involved in major controversies, illegal or unsustainable forestry practices.
They also exclude companies on the Government Pension Fund of Norway's blacklist. Given the thematic nature of the fund it is unlikely that these screens impact on stock selection. The Norwegian pension fund exclusions include Tobacco, munitions companies, companies involved in environmental damage and those which contravene human rights. The fund do not have specific stock checking in relation to activities and thus there can be limited guarantees that all activities avoid these issues.
Top Ten holdings
- Rayonier inc6.63%
- Weyerhaeuser co6.62%
- Plum creek timber co inc6.40%
- Svenska cellulosa ab-sca4.59%
- Potlatch corp4.40%
- Mondi plc4.21%
- Klabin sa4.06%
- Fibria celulose sa3.78%
- Deltic timber corp3.50%
- Duratex sa (new),3.10%
What are the risks?
Some of the information on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Worldwise Investor accepts no liability for the reliability or accuracy of the data provided by third parties. Read more about our data sources in our Terms & Conditions. Some performance differences between the fund and the benchmark may arise because the fund performance is calculated at a different valuation point from the benchmark.
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Latest fund news
In the Press
Asset class: Equity
Launch date: 29 September 2008
The value of ethical and green investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks of investing. Our aim is to provide you with the best information we can to help you make decisions about ethical and green investments. It is not to advise you on the suitability of an investment to your personal circumstances. Nothing written on the site should be considered personal advice, nor do Holden & Partners accept liability for any inaccurate information on the site. If you are unsure about the suitability of an ethical and green investment please contact Holden & Partners or your financial adviser.