Bonafide Quarterly Webinar Q4 2023

Welcome to our 2023 Q4 Bonafide update, where we dive deep into the recent dynamics and future outlook of the global seafood market. Despite a turbulent year influenced by the El Niño phenomenon and uncertainties related to interest rates, earnings growth to be back on the agenda for 2024 and beyond. Join us as we explore key insights, sector analysis, and what lies ahead for the industry.

00:00 - Introduction
04:38 - Best and Worst Performers
09:03 - Effects of El Niño
13:06 - In-Depth Sector Analysis & Japan Focus
18:26 - Climate Balance & Seafood
25:54 - Closing remarks

Key Takeaways:

  • Earnings growth is the focus in 2024, the headwind from the last 2 years is decreasing, the demand for Blue Foods and the price momentum continue to increase.
  • Carbon footprint - faster to the goal with Seafood! We invest in the leaders, which are at the forefront of sustainability and set standards.
  • The valuation of our Global Fish Fund portfolio is at the level of 2014, dividends and cash flows of the portfolio companies remain above average. All ingredients for an asymmetric risk/return distribution are aligned!
  • Major tailwind from COP28 declaration! #BlueRevolution!

🌐 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 December 2023

Slide desk quarterly webinar December 2023

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.

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