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Global X launches first fishing industry ETF

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Global X Funds has launched the Global X Fishing Industry ETF FISN) – the first ETF globally targeting the fishing industry.

 

The fishing industry is comprised of two main components: commercial fishing and aquaculture.  Commercial fishing represents those companies directly involved in the capture of fish from wild fisheries, while aquaculture represents those companies that supply fish through fish farming operations.

In the past few decades the global food market has experienced unprecedented expansion and a change in global dietary patterns, with a shift toward more protein.  This is likely to continue due to the expansion of the middle classes in emerging economies. China, for instance, has seen dramatic growth in its per-capita fish consumption, with an average growth rate of 5.7 per cent per year since 1961 (FAO, 2011). Taking into account the global population forecast, an additional 27 million tons of production will be needed to maintain the present level of per-capita consumption in 2030 according to the FAO (2011).

"Companies that have the infrastructure to supply the rapidly growing demand for fish consumption, from aquaculture facilities to fish processing, are likely to benefit from these demographic and dietary trends," says Global X Funds CEO, Bruno del Ama.

The Global X Fishing Industry ETF tracks the Solactive Global Fishing Index, which is designed to measure broad based equity market performance of global companies involved in the fishing industry. As of April 29, 2011, the three largest components of the index were Cermaq ASA, Marine Harvest, and Toyo Suisan Kaisha Ltd.

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