Administration August 5, 2003

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.
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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.

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