Global X Offers Fishing Industry ETF

Global X Funds has launched the Global X Fishing Industry ETF, which it says is the first exchange-traded fund to target the fishing industry. It will invest in commercial fishing companies that capture fish from the wild and aquaculture fish farming companies.

With the middle class expanding in emerging economies, people’s diet will include more protein, Global X said. The firm noted that due to population growth, an additional 27 million tons of fishing production will be needed to maintain the present level of per-capita consumption in 2030.

“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,” said Bruno del Ama, CEO of Global X.

The fund tracks the Solactive Global Fishing Index.