A stock index exclusively for the US forest products sector has been launched.
The Forestweb Stock Index tracks companies from the forestry, paper and packaging industries headquartered in the US and trading on the New York Stock Exchange. This includes Weyerhaeuser, Universal Forest Products and Plum Creek Timber.
Stock information is updated every 10 minutes and uses a market capitalisation approach similar to the S&P 500.
“Given current economic times, it’s pertinent that businesses keep a handle on the financial performance on the forest products industry,” said Forestweb chief executive officer Rami Ghandour.
