Global X Funds may be giving investors a bite of something they have been waiting for, as a new fishing focused exchange traded fund (ETF) is baited up.

Global X Fishing Industry ETF (NYSE: FISN) will hold 20 stocks with an expense ratio of 0.69% 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, so says the ETF Professor for International Business Times. [Ralcorp Deal is First M&A Nibble For Food ETF.]

This international ETF play includes the following:

  • Norway and Japan account for over 58% of the new ETF’s weight while Chile, South Korea and China combine for over 27%. Spain, Malaysia and Peru account for the rest of FISN’s weight.
  • 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.
  • In 2030, the industry will need an additional 27 million tons of production to maintain current levels of consumption. [Teucrium Files for Broad Agriculture ETF.]

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.