Bonafide Quarterly Webinar Q1 2023

In this quarterly update, our experts talk about the performance, sector news, company fundamentals and the potential of land-based aquaculture.

In brief:
UN delegates reached an historic agreement on protecting marine biodiversity in international waters while China joined as net importer in the Fish & Seafood sector. "Higher for longer" - this is the current topic when it comes to salmon prices. Lack of supply and high demand are leading to new price levels. From a fundamental point of view, all top holdings from 2019 have created value, share prices are currently lagging behind. And finally, land-based systems offer potential for the future, the "proof of concept" is currently still missing.

Targeted investments in aquaculture herald a future that offers greater food security, higher incomes for fishermen, and healthy proteins for millions of people.

Webinar topics

  • Overview & news from the sector [01:15]
  • Key figures & fund performance [05:45]
  • Overview of the last three years [11:47]
  • Fundamental development of the companies [15:54]
  • Update on the resource tax in Norway [26:27]
  • Insight into land-based aquaculture [29:57]
  • Synthesis [40:49]

Quarterly update March 2023

Slide desk quarterly webinar March 2023

Previous Insights

April 13, 2026

Bonafide Quarterly-Update Q1 2026

Q1 2026 highlights the resilience of focused exposure to the Fish & Seafood sector. The Bonafide Global Fish Fund delivered +3.69% (EUR), significantly outperforming both global equities and the broader food sector. Performance was driven by strong fundamentals, attractive valuations and structural growth across the value chain, reinforcing the long-term investment case for the Blue Revolution.

January 20, 2026

Bonafide Quarterly-Update Q4 2025

The Global Fish Fund delivered a positive performance (+2.39% in EUR) in the fourth quarter of 2025, despite a challenging market environment – reaffirming the resilience of the global Fish & Seafood sector as a sustainable protein solution. With an attractive valuation, solid dividend base, and structural growth potential, the fund offers investors a compelling diversification opportunity for 2026 and beyond. Read more about how even modest capital inflows have led to a significant revaluation among Chilean salmon names.

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