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.