施耐德唐斯财富管理顾问公司(Schneider Downs Wealth Management Advisors)的许多客户和朋友都听说过我和我的队友支持拥有实物资产(基础设施)的优点和潜在投资收益, farmland, timberland, high quality commercial real estate) in a client portfolio.
From an investment standpoint, 我们认为,与股票和债券等传统资产类别的相关性较低, highly contracted cash flows, 如果实物资产适合你的投资配置,那么在通货膨胀的情况下增加现金流的能力是将资金配置到实物资产上的最重要原因之一.
If one were to attend our investment meetings, you would hear me describe real assets as a “high floor, “低上限”投资,可以为客户的投资组合增加压舱石和回报前景. 我们在Versus Capital的合伙人说得更简洁:现代社会的运转需要使用实物资产. When you take a step back and think about it, try to envision your day without the use of real assets. 早上醒来时打开卧室的灯(电), moving the dial in the shower toward warm water, 如果你住在匹兹堡,就过桥(基础设施), 在回家的路上顺便去杂货店买吃的. 所有这些日常功能都是我们日常生活中不可或缺的一部分,涉及到真正的资产.
In May, 我和我的几个队友很幸运地参观了天伯伦在杰克逊的资产, Ohio (an hour or so south of Columbus). BTG Pactual’s US investment arm, TIG (Timberland Investment Group), 向我们展示了最初属于米德纸业公司的木材资产(对于我们这些足够老的人来说), 如果没有几本米德牌螺旋笔记本和它们那令人敬畏的“捕魔器守护者”,返校采购就不完整。). The timber assets had many different species of trees, but one species that TIG honed in on was “white oak.“你们中的许多人可能已经知道白橡树因其耐久和美丽而令人垂涎, and demand is high in the furniture, flooring and cabinet space. 读到这封邮件的非波旁威士忌/威士忌爱好者可能会感到惊讶的是,威士忌行业对“白橡木”树非常垂涎. 白橡木桶赋予波旁威士忌的颜色,改善口感和回味.
While visiting our timber assets, 我和同事们应邀参观了杰克逊的斯佩赛德波旁酒庄, Ohio. 我们来自Speyside和TIG的导游带领我们参观了这个世界级的制造工厂, viewing some of the best bourbon barrels on the planet. 让这次旅行更加特别的是,我们在几个小时前参观了一些木材资产, would likely end up at Speyside; yet another example of a real asset making its way into our daily lives.
Versus Capital sat down with CIO, Casey Frazier & Managing Director, Spencer Schomer to discuss real assets. In this video, 他们考察了实际资产在高通胀和利率上升时期的历史表现. We encourage you to check it out here to learn more.
As always, please don’t hesitate to contact your Schneider Downs Wealth Management Advisor 关于你实际持有的资产或在你的投资组合中持有这种资产类别的潜力的问题.
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