Bonafide Quarterly-Update Q1 2026

In the first quarter of 2026, our strategy demonstrated strong resilience in a demanding market environment. Geopolitical tensions, rising energy prices and macroeconomic uncertainty shaped global markets, while quality once again became a key differentiator for investors.

The Bonafide Global Fish Fund delivered a performance of +3.69% (EUR) in Q1, clearly outperforming both the global equity market (-1.7%) and the broader food sector (+1.3%). This highlights the strength of companies with robust cash flows, solid balance sheets and leading market positions.

At the same time, the structural drivers of the “Blue Revolution” remain firmly intact: rising global demand for high-quality protein, accelerating consumption in Asia, and attractive sector valuations continue to support long-term value creation.

What you can expect in this quarterly update:

  • Comprehensive overview of fund performance
  • Insights into portfolio positioning and market outlook
  • Analysis of key growth drivers across the Fish & Seafood value chain
  • Deep dive: China’s increasing demand for premium seafood

Quarterly update March 2026

Previous Insights

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.

November 13, 2025

Bonafide at the Fondsgipfel Academy – Fish & Seafood: Markets, Demand and Controversies

Understanding global Fish & Seafood markets. At the Fondsgipfel Academy, our CIO explains why aquaculture and marine proteins rank among the most compelling investment themes of our time.

Comments