En Route to Montreal on Swiss

One of the biggest bull markets over the last few years lies in the price of salmon and tuna. It’s getting harder to find wild fish species as humans continue to overfish and drain the oceans for consumption purposes.

You’ll find a sushi shop on almost every block these days as consumers crave for a high protein, low fat alternative to red meat.

Blue fin tuna ranks as one of the most over-fished species. The Japanese consume more blue fin tuna than any other country.

Riding some of the more profitable fish farms is a good idea for investors seeking an alternative to conventional commodity trades. Supplies of wild fish are in a secular long-term decline and healthier fish-farming methods increasingly introduced should attract reluctant consumers.

Launched in May, FISN, the Global X Fishing Industry ETF, hit the NYSE offering investors a way to play fish farms.

The Fund holds 20 fish farming companies in its small portfolio and charges 0.69% in annual expenses. Norway is the largest country component at 36%.

Trading volume since launch has been very thin, barely 2,000 shares per day. But I’ve noticed higher trading volumes lately with more than 14,000 shares traded on Tuesday. That should tighten the bid to ask spread.

Every commodity bull market is predicated on rising demand and declining supplies for that specific raw material. That’s certainly the case now with wild salmon and blue fin tuna – possibly approaching extinction. If consumption continues at this pace, then all we’ll have left is fish farming.