FISN will hold 20 stocks with an expense ratio of 0.69 percent and track the Solactive Global Fishing Index. The index is comprised of selected companies globally that are engaged in commercial fishing, fish farming, fish processing or the marketing and sale of fish and fish products. No doubt that FISN is an international brand and the fund provides an interesting mix of developed and emerging markets exposure. Norway and Japan account for over 58 percent of the new ETF’s weight while Chile, South Korea and China combine for over 27 percent.
Norway-based Cemaq SA is FISN’s top holding at 10.75 percent while fellow Norwegian company Marine Harvest is next at 10.68 percent. China, for instance, has seen dramatic growth in its per-capita fish consumption, with an average growth rate of 5.7 percent per year since 1961.
Global X CEO Bruno del Ama said in a statement that 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.
