IForUT was established in 1994 to facilitate investment in forestry by institutional investors who are exempt from income and capital gains tax (Pension funds, charities and Life Companies in respect of their pensions business).
Its purpose is to manage investment in Forestry, providing stable, low risk, long term positive real returns.
Since its establishment the Trust has increased its assets under management from €34 million to almost €170 million by the end of 2009. This has been achieved through a combination of new investment by pension funds and charities together with the growth of the initial forest assets and new forest acquisitions which are confined to Ireland and the UK.
IForUT has also established a separate sub-Fund — the North American Forestry Investment Trust (NAFIT) — to meet the demand from Irish pension funds and charities to increase and diversify their forestry investment holdings.
IForUT is only available for investment on behalf of Irish Revenue Authorised Pension Funds and Charities.