The year 2020: A look back and a look ahead

Marco Berweger | January 04, 2021

The following points currently speak for an investment in the Bonafide Global Fish Fund:

The companies have adapted to the new economic conditions and are prepared for further mitigation measures.

The valuations are very attractive; some companies are currently valued even lower than the lows on the international markets in March/April 2020.

Our portfolio companies have sufficient capital to overcome the crises facing the world and a considerable majority were able to keep their numbers in the black despite the sometimes severe slump in sales.

The current forecasts point to considerably higher salmon prices from mid-2021, which is why we have made a tactical decision to increase our investment in this species. Over the next six months, we expect the demand side to normalise as COVID-19 vaccines become available and the economy reopens. In addition, the supply of salmon is beginning to stagnate because the regulation in the largest breeding areas Norway and Chile is beginning to take effect and less growth is possible. The shortage will lead to higher prices, which will have a positive effect on the companies' results and their share prices.

The sector will receives more attention. In 2020, new funds were launched in our sector. Warren Buffett became one of the largest seafood investors in September 2020 through his investments in Japan.

The good properties of seafood from a sustainability perspective correspond to the current push for a "green recovery" and the health trend.

Picture Corals

We will be happy to talk to you personally and show you the potential of the portfolio. Get in touch with Christoph Baldegger (cb@bonafide-ltd.com, +423 388 00 31) or Marco Berweger (mb@bonafide-ltd.com, +423 388 00 34).

Group Photo Bonafide

Bonafide Global Fish Fund EUR Monthly Report December 2020

Bonafide Global Fish Fund CHF Monthly Report December 2020

Bonafide Global Fish Fund USD Monthly Report December 2020

Bonafide Global Fish Fund EUR -A- Monthly Report December 2020

Bonafide Global Fish Fund CHF -A- Monthly Report December 2020

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