Investment dictionary

PAPER INDUSTRY ETF

An exchange-traded fund that invests primarily in manufacturers of paper and pulp. The paper industry is represented in the ETF sector through timber and forestry ETFs, which have a large majority of their holdings in forest products and paper makers. Paper industry ETFs are better known as "timber & forestry ETFs".

Given the limited number of paper companies based in theU.S., timber & forestry ETFs tend to be global in scope. Apart from theU.S., these ETFs include companies from regions that have a significant presence in the industry, such as Asia,CanadaandFinland. For this reason, these ETFs could also be considered an investment in the global economy as well.