BUSINESS

Gambling stocks better than gold and diamonds?

TAGs: Nomura, vice stocks

MarilynDiamondsAccording to Japan’s Nomura Holdings Inc., the best hedge against excessive inflation or deflation in Asia isn’t gold or diamonds, but so-called ‘vice’ stocks, i.e. tobacco, alcohol and (yes) gambling. Nomura’s basket of vice stocks has consistently outperformed the region’s benchmark index, to the point that a Nomura analyst even referred to stocks in these sectors as ‘staples’. Now, let me get out that shopping list… Bread, milk, eggs, Sands China Ltd. shares… Read more.

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