Timber ETFs: Rebuilding After Hurricane Sandy

By
Devon Layne
November 02, 2012
Share:

Related ETFs

Ticker Fund name
CUTGuggenheim Timber
WOODiShares Global Timber & Forestry
Related ETF Lists
Global ETFs

 

Traders pushed lumber prices to a 19-month high on Wednesday, Oct 31, as they positioned themselves for a potential spike in demand as Hurricane Sandy recovery efforts come into play, according to an article on ETF Trends.

January lumber futures added more than 3 percent, ending Thursday’s trading session at $331.1. Many observers expect demand to increase over the next couple of months, as projected home repairs could to extend well into 2013, the article said.

While they can’t invest in lumber futures with ETFs directly, investors can use funds like the Guggenheim Timber ETF (NYSEArca: CUT) and the res S&P Global Timber & Forestry Index Fund (NYSEArca: WOOD) to gain exposure to the timber and forestry industry and cash in on lumber’s rising price, ETF Trends says.

For the full story, head over to ETFtrends.com.

ETF DAILY DATA

Van Eck's chip ETF 'SMH' doubled its assets on Tuesday, March 31, as total U.S.-listed ETF assets ended the day at almost $2.1 trillion.

'VDE' paced Vanguard's issuer-leading inflows on Tuesday, March 31, as total U.S.-listed ETF assets ended the day at nearly $2.1 trillion.

ETF.COM ANALYST BLOGS

By Dave Nadig

How Ric Edelman is reinventing the ‘new economy’ investing paradigm.

By Olivier Ludwig

What’s cooler than an ETF with a ticker like ‘HACK’? The way investors are using it.

By Olivier Ludwig

Yes, 2015 is shaping up to be the ‘year of currency hedging,’ but that’s not necessarily a good thing.

By Elisabeth Kashner

ETF.com steps in to referee a catfight that has erupted in the world of robo advisors.