Posted: 9/2/2006 8:12:43 PM EDT
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You have heard of "socially responsible" mutual funds, which don't invest in "sin stocks" such as weapons, alcohol, gambling, etc., right? I just found out that there is a mutual fund that specializes in sin stocks, the Vice Fund, VICEX. It is expensive, with a 1.75% annual fee, but it has been beating the S&P500 for the last few years. Top holding include tobacco (Altria), gambling (MGM Mirage), beer (Anheuser Busch), defense (United Technologies). I bet Smith & Wesson are in there, too. |