 A more sustainable future and the fight against global warming hinge on sustainable forestry. Indeed, wood-based products are growing fast, replacing almost anything made from oil.
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Aside from the positive environmental impact, investors can benefit from protection against inflation, attractive valuations and a growth outlook based on the green transformation of multiple industries.
As the transition to a sustainable 'bioeconomy' accelerates, strategies such as Pictet Timber are poised to benefit. Here are four reasons investors are optimistic about the sector:Â
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1. Rising prices: the start of 2021 has been exceptional for wood product prices, which have reached record-breaking levels not yet reflected in our portfolio company valuations.
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2. The American housing market is returning to a historical average of 1.5 million new homes per year, boosting the largest lumber market in the world.
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3. Demand for paper-based packaging is booming, driven by the acceleration of e-commerce during the pandemic and the consumer 'war on plastic'.
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4. Wood is increasingly replacing oil as a feedstock in biofuels, biomaterials and in innovative applications such as viscose for clothing or lignin-based cathodes for batteries.Â
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Join Pictet Timber Senior Investment Manager Mikael Jafs and Product Specialist Gillian Diesen for an introduction to the Timber asset class for new investors, and to hear more about why investors can't afford to forego an allocation.Â
Please note that this webcast is for professional investors only.
Senior Investment Manager
Mikael Jafs joined Pictet Asset Management in August 2019. He is a Senior Investment Manager in the Thematic Equities Team.
Before joining Pictet, Mikael was the Head of the Forestry, Paper & Packaging sector at Kepler Cheuvreux, since early 2005. He was also the Head of Swedish Research. Prior to Kepler Cheuvreux, he worked for five years at UBS, covering the Forestry, Paper & Packaging sector, and also a wide variety of Nordic small caps. Mikael was a sellside analyst, mainly covering the pulp and paper sector from 1992 at SEB Enskilda in Stockholm and at other firms. Mikael started his financial career in Helsinki in 1988, and established a market-making firm focusing on derivatives trading that later became a member of the Helsinki Stock Exchange.
Mikael graduated with a degree in Law from the University of Helsinki (Finland), and also from the Swedish School of Economics and Business Administration in Helsinki and is a Certified European Financial Analyst (CEFA).
Product Specialist
Gillian Diesen joined Pictet in 2015 and is a Product Specialist in our Thematic Equities team, responsible for the Pictet Nutrition, Premium Brands and Timber strategies.
Prior to assuming her current role in 2018, she was an Alternative Investment Specialist with a focus on Strategy, Marketing and Project Management at our Pictet Alternative Advisors entity.
Before Pictet, Gillian spent over five years in Abu Dhabi working in strategic planning and business development roles at Family Offices and Government-related entities including Miral Asset Management, Mubadala Development Company and National Holding. She started her career in the European Parliament as a Political Advisor looking at foreign policy and political strategy. Gillian holds a BA and MA in Modern History & Politics from the Queen’s College, Oxford University. She also holds an MBA in Management from IMD. Gillian is CAIA qualified.
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