2 Of The Most Undervalued Real Assets For The Coming Macro Shift

The dollar's dominance is quietly cracking, which will likely lead to a significant macro shift in the coming years. While I have bet heavily on several real asset sectors, they have all soared materially higher since I started investing in them. I detail two of the best opportunities remaining in the real asset space to benefit from the coming macro shift.

Seeking Alpha • Apr 7, 2026

WOOD: Outperformance Unlikely Due To Structural Weakness In Timber Industry

iShares Global Timber & Forestry ETF (WOOD) has underperformed, with a 12% loss versus a 29% S&P 500 gain over two years. Ongoing structural weaknesses in the timber industry and a lack of historical compounding make WOOD unattractive versus broad market benchmarks. Within WOOD's holdings there is a degree of dilution of pure timber exposure, with significant allocations to packaging and materials sectors beyond forestry.

Seeking Alpha • Apr 3, 2026

Is This the Worst-Performing Global ETF?

It's not the worst performer among global ETFs, but it's been a disappointment this year. Ties to the residential real estate market have been problematic for this fund.

The Motley Fool • Dec 15, 2025

US sawmills warn of accelerating closures as tariffs, weak demand squeeze industry

U.S. sawmills say tariffs, shrinking export markets and competition from cheaper wood alternatives are driving a surge in closures that threatens the hardwood industry.

Fox Business • Dec 4, 2025

iShares Global Timber & Forestry ETF: The Worst May Be Yet To Come

I am concluding my research on the forest industry with the iShares Global Timber & Forestry ETF. The companies I have previously covered account for ~25% of WOOD's 225.6 million AUM. The Invesco MSCI Global Timber ETF is WOOD's closest competitor, with a $41.2 million AUM. Smaller size is synonymous with thinner liquidity, as reflected by a higher median bid-ask spread. Despite lower liquidity, CUT's total expense ratio of 1.02% is ~2.5x higher than WOOD's 0.40%. Considering their highly similar portfolios, it is difficult to justify such a spread.

Seeking Alpha • Nov 18, 2025

Trump unveils 10% tariff on wood, delays 25% duties on kitchen cabinets, furniture

He warned that tariffs on upholstered furniture, kitchen cabinets and bathroom vanities will jump on Jan. 1, 2026, unless foreign nations are able to reach trade agreements.

New York Post • Sep 30, 2025

Trump Orders Tariffs on Timber, Lumber, Kitchen Cabinets

US President Donald Trump ordered 10% tariffs on imports of softwood timber and lumber, as well as 25% levies on kitchen cabinets, vanities and upholstered wood products. The tariffs are set to apply from Oct. 14, with some increases targeted to take effect Jan. 1, according to a proclamation signed Monday.

Bloomberg Markets and Finance • Sep 30, 2025

Home Builder Stocks Fall. Lumber Tariffs Are Back in the Picture.

Builders are sensitive to lumber pricing. But they are likely to weather the new tariffs, one analyst says.

Barrons • Sep 30, 2025

Trump Officials Flesh Out Tariffs on Kitchen Cabinets, Furniture and Timber

The White House set a relatively low tariff on imports of timber and lumber, and a significantly higher tariff on furniture and kitchen cabinets.

NYTimes • Sep 30, 2025

Timber ETFs: WOOD's Growth Potential Vs. CUT's Defensive Position

Both WOOD and CUT are rated hold as current valuations and risks outweigh the limited upside despite long-term timber demand from sustainability and urbanization trends.

Seeking Alpha • Sep 6, 2025