With a €1.25 billion purse, a major Japanese brokerage house is setting up what it claims to be the world’s first fisheries investment fund.
Nomura Securities said the trust is in answer to a growing global demand for fish. After the assembling period August 9-19, the Japanese branch of the French Amundi assessment management company will manage the fund, some 30 percent of which will be invested in Japan and about 40 percent in the United States.
The rest will be spread out over both emerging economies such as Thailand and Brazil and Norway, where fishing is second only to oil in export incomes. Investments will be made in both fisheries and aquaculture.
Nomura said it counts on attracting customers who have not been interested in investment funds before, but could been drawn there in line with increasing health-consciousness.