This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New ETF Allows Investors to Go Fishing

NEW YORK ( TheStreet) -- Exchange-traded fund investors have recently been given a path, if they want it, to a previously difficult to access -- but potentially very important investment theme -- with the Global X Fishing Industry ETF (FISN).

A more accurate name might be Fishing Industry and Aquaculture, as the fund targets all things related to fishing which plays into the idea of an emerging middle class in countries where there has previously been no middle class, and healthier diets that go with newfound prosperity.

The theme is quite narrow in terms of number of publicly traded companies, so the fund is concentrated with only 20 names. The country makeup is probably unlike any other fund that exists with 35% in Norway, 22% in Japan, 13% in Chile, 9% in South Korea along with a few other smaller countries.

Most of the names will be unfamiliar to investors who have not previously considered investing in the theme. The fund has four relatively large holdings weighted at 8% to 12% of the fund. The largest holding is Cermaq from Norway followed by Toyo Suisan Kaisha, Marine Harvest from Norway and Pesquera Camanchaca from Chile.

The exposure to Japan would seem to be a worry, especially the 10% to Toyo Suisan Kaisha, until you look at what that company does and how it has fared in the face of the Sendai earthquake in March.

The company purchases, processes and sells seafood, so the lack of fish farming in the business has insulated from what could have been a much larger slide. In the face of the earthquake it only dropped 7.5% and has since made it back and then some. Nippon Suisan Kaisha and Maruha Group are both more directly exposed and their share prices already reflect the risk as they are down 16% and 22% respectively but they are smaller holdings in the fund at closer to 5%. reported that "in 2008, CNN reported the fishing industry employed 200 million across the globe and generated $80 billion in revenue. China's fish consumption has grown at an average growth rate of 5.7% per year, since 1961." It also noted that "in 2030, the industry will need an additional 27 million tons of production to maintain current levels of consumption."
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $110.78 0.36%
FB $94.01 2.11%
GOOG $641.47 2.32%
TSLA $246.15 -0.57%
YHOO $30.85 0.46%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs