Bonafide Quarterly Webinar Q1 2024

Welcome to the Bonafide update for the first quarter of 2024
In this edition, we bring you exciting insights from the Seafood Expo in Barcelona, presented by our CIO, Philipp Hämmerli, and our Analyst, Noah Gall. We are also pleased to welcome Oda Djupvik, Equity Research Analyst at Pareto Securities, as our guest.

Market Overview and Performance
The fish and seafood sector continues to show impressive resilience. Several companies in our portfolio achieved record results, leading to attractive dividends. We analyze cost factors and achieved sales prices to assess the profitability situation. The net asset value of our Global Fish Fund grew by 6.47% in EUR and even by 10.60% in CHF during the first quarter of 2024, driven by the weakness of the Swiss franc.

Climate Initiatives and Innovations
Given the increasing importance of climate initiatives, we offer insights into the key themes and innovations that seafood companies are currently focusing on.

00:00 - Introduction
02:58 - Best and Worst Performers
04:59 - Profitability of the Companies
09:00 - Climate Initiatives
16:37 - Live Broadcast from Barcelona
22:40 - Interview with Oda Djupvik from Pareto Securities
26:55 - Closing Remarks
27:58 - Q&A Session

Which fish do we take home with us?

  • The conclusion of the El Niño phenomenon is making a significant economic impact: costs are diminishing and stabilizing, while prices continue to hold at high levels. This favorable situation is resulting in unprecedented margins and driving forward robust profit growth.
  • As we approach the upcoming quarter, the Global Fish Fund is strategically positioned for what is anticipated to be its most rewarding dividend season yet.
  • Seafood sectors are making waves in sustainability, actively enhancing their ecological
    footprint with smarter feed use and new transport solutions – a positive leap for the planet.
  • Industry optimism is high – the #BlueRevolution thrives. The Seafood Expo in
    Barcelona showcases our vibrant commitment to the maritime economy.

🌐 Whether you're an investor, industry professional, or simply interested in the seafood market's future, this video offers valuable insights and predictions. Watch now to stay ahead and join the #BlueRevolution!

Quarterly update April 2024

Previous Insights

July 14, 2026

Bonafide Quarterly-Update Q2 2026

Diversification in concentrated markets: The Bonafide Global Fish Fund remains positive in 2026, supported by structural growth, attractive valuations and low correlation to global equity indices. Our latest quarterly update covers performance, portfolio opportunities and the protein supercycle.

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.

Comments