Global X Launches Fishing ETF (FISN)

Global X recorded another ETF first on Wednesday, launching a product that offers exposure to the global fishing industry. The Global X Fishing Industry ETF (FISN) seeks to replicate the Solactive Global Fishing Index, a benchmark that includes companies globally that are engaged in commercial fishing, fish farming, fish processing or the marketing and sale of fish and fish products. FISN is the only ETF offering pure play exposure to this unique corner of the market and the second new ETF from Global X this week; yesterday, the New York-based company debuted a Global Food ETF (EATX). The fishing industry consists of two primary components: Commercial Fishing: Companies engaged in commercial fishing capture fish directly from wild fisheries. Commercial fishing is responsible for more than half of fish supplied through the fishing industry. Aquaculture (Fish Farming): Acquaculture, or fish farming, generally involves raising fish commercially in tanks, and has become [...] Click here to read the original article on ETFdb.com. Related Posts: Global X Management Announces Charity Partnership With Action Against Hunger Global X Debuts Global Food ETF (EATX)