Evergreen Announces New Offering

May 20, 2002 (PLANSPONSOR.com)-Evergreen Investments has announced the addition of Wachovia Timberland Investment Management Group to its fund management lineup.

The unit will be renamed Evergreen Timberland Investment Management and will continue to manage timberland investments for institutions and high-wealth individuals.

Evergreen Timberland’s investment strategy will focus on three components of return:

  • the natural growth of trees and forest expansion,
  • land value, and
  • timber prices

Natural growth typically contributes 65% to 75% of the investment return, meanwhile land value is relatively stable and may generate about 5% to 10% of the total return. Though timber prices can fluctuate based on supply and demand, they account for approximately 25% to 30% of the return.