Profile

Overview

Hastings Hancock International Timberland Fund No. 1 (HHIT) is an unlisted unit trust that invests directly in unlisted timberland assets. HHIT's investments are located in Australia and New Zealand and the portfolio aims to deliver a balance between long term high yield cash flow and capital growth.

Strategy

The investments of HHIT will:

-          primarily focus on softwood rather than eucalyptus or other hardwood species;

-          primarily focus on log markets rather than woodchips and pulpwood;

-          focus on existing plantation timberland with an operating track record;

-          not be old growth or other natural forests; and

-          ensure that harvesting policies are such that the yield from its forests is environmentally sustainable.

Assets as at 30 June 2009