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Forestry investments gaining momentum, says ITC
11/05/2009
Forestry investments are gaining momentum as a result of an increased interest in alternative investments, says forestry company ITC.
Advisers have played a key role in this renewed interest, according to ITC, because the global recession has prompted advisers to revisit managed investment schemes (MIS). Advisers are starting to realise that forestry can be run as a business with long-term horizons and major income being received in pension phase.
Linda Pickering, head of funds at ITC, explained: "Our current sales figures show a 131 per cent increase over last year but because the majority of sales take place in June, we're not able to confirm whether the end result will increase or decrease come 30 June this year."
Meanwhile, Shane Kelly, the managing director of agribusiness investment research house Adviser said that while his firm had spotted a growing interest in the agribusiness sector over the last six months, it expected sales in the sector, including forestry, to be significantly reduced. Kelly added that Timbercorp’s collapse and Great Southern’s trading halt would have an as-yet-un-measurable impact on sales in the forestry industry.
Advisers have played a key role in this renewed interest, according to ITC, because the global recession has prompted advisers to revisit managed investment schemes (MIS). Advisers are starting to realise that forestry can be run as a business with long-term horizons and major income being received in pension phase.
Linda Pickering, head of funds at ITC, explained: "Our current sales figures show a 131 per cent increase over last year but because the majority of sales take place in June, we're not able to confirm whether the end result will increase or decrease come 30 June this year."
Meanwhile, Shane Kelly, the managing director of agribusiness investment research house Adviser said that while his firm had spotted a growing interest in the agribusiness sector over the last six months, it expected sales in the sector, including forestry, to be significantly reduced. Kelly added that Timbercorp’s collapse and Great Southern’s trading halt would have an as-yet-un-measurable impact on sales in the forestry industry.
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