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.
Global X said that the Global X Fishing Industry ETF will track the Solactive Global Fishing Index, which is designed to measure the 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, Marine Harvest, and Toyo Suisan Kaisha.Global X Funds CEO Bruno del Ama said 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.
