Ever thought about getting involved with the seafood business, but couldn't quite see yourself owning a boat, processing plant or aquaculture operation?
Well, here's a way to do it and never touch a fish.
Global X Funds, a New York-based provider of exchange traded funds or ETFs, has launched what it calls the first fishing industry ETF.
Here's the press release.
Don't look for familiar company names such as Trident, Icicle and Ocean Beauty in the new Global X Fishing Industry ETF, as these companies aren't publicly traded.
But some names with huge involvement in Alaska's seafood industry, such as Maruha Nichiro, will be among the fund's holdings.
Here's more reading from Investor's Business Daily.
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17 comments:
Why can't the trawlers, Longliners, coastal fisheries that intercept fish and raise their own POLLOCK instead of scraping the bottom of our seas and oceans and mess up our ecosystems? They sure are not GOOD STEWARDS of our Mother Earth and to the People that depends on good returns of all anadromous fish that need to spawn in fresh water
hippie on the last cooment
dude, why can't man just take care of himself and stop robbing mother earth of all her stuff dude?
well young feller; Where I come from, I'm kind of forced to just eat stuff off Mother Earth, where do you shop? Uranus?
umh, when did pollock become anadromous? and last I noticed there wasn't too much bottom scraping going on in the pollock fishery and none in the longline fishery.
Facts must be really hard on you
Pollock fisherman don't scrape the bottom; its only when the drag hags go after flats and rockfish that the rape occurs. Longliners raping the bottom? Huh? We are pretty much good stewards of the ocean if we don't let the crucifier pop sub-legal halibut, so.....how are we messing it all up??? I guess it just goes to show that Johnny Rotten from the sex pistols was right- "never trust a hippie".
Pollock fisherman don't scrape the bottom? And I suppose you monitor their foot-rope and doors 24/7? Any idea what the short and long-term effects of mid-water doors and sweep are on the bottom? Alas, this is a tangent.
What about the "Fishy investment opportunity?"
Anyone invest/investigate into it?
anon may 79:54
Why do the pollock fishermen have crab bycatch? Why do observers joke about "midwater" rocks.
More and more longliners are switching to autobaiters and the only way to pay off that investment is to run millions of hooks a day. No time to stop and back the hooks out of undersized halibut and the cod autobaiters stop for nothing.
Sorry anon at 11:37. Haul speed constraints mean you top out at about 60,000 hooks per day. While a lot, it ain't "millions."
need to find some news about By-catch so their can be a good headline to end this debate in.
Anon and Alan, check out http://www.tholepin.blogspot.com/
halibut bycatch listed as % of tow for pollock and arrowtooth for individual boats. And yes they are destroying the halibut resource.
No need for tears anon 2:31 don't be sorry, the point was they can't slow down to shake fish regardless of how many hooks they run. Anyone familiar with the fisheries knows this, it's the landlubbers that need info.
A simplified overview of the observer gaming is needed to go along with that data.
Anonymous
The combination of WoW stats in the fish logbooks are interesting too.
Anon at 7:39, of the boats in the link you gave, only one was targeting pollock--in the Gulf not the Bering. Besides, halibut is allocated to all of the different groups that catch it (IFQ, charterboat, trawlers, etc). The halibut doesn't care if it is caught in a pollock trawl or by an IFQ fisherman. For the directed pollock fishery, in 2011 they were allocated 1 pound of halibut for every 3,033 pounds of pollock caught. Hardly destroying the halibut resource. Finally, what have halibut bycatch rates got to do with bottom trawling anyway? halibut do get pretty high up off the bottom
yea....
But the one targeting pollock with bottom gear was averaging 31% Halibut for 6 consecutive tows, which is absurd with an observer on board.
So why are these untactful numbers appearing?
Larger boats+ shorter season+ higher fuel= less days to find clean spots to fish/bring observer
Was talking with a crewmember aboard one of the highlighted vessels and he mentioned that it's not like it was a few years ago when boats would go out a day before the season to look for fish. With the short openers and the high cost of fuel these boats can't afford to look for fish or steam for extended periods of time between areas. Add in the factor of 30% observer coverage and this is what happens.
There is lots and lots of money to be made in the fishing industry. Anybody invest yet?
Investing in that fund is like investing in the death of small boat operators. All those companies are rapers and pillagers.
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