BUSINESS

Vice Fund more proof that gambling is least addictive ‘sin’

TAGs: sin stocks, Vice Fund

Vice-Fund-Addictive-SinWe have fresh evidence that this John Hopkins study was bang on when it suggested that gambling was far less addictive than other so-called ‘sin’ stocks such as alcohol or tobacco. The Vice Fund – which consists of roughly equal proportions of tobacco, alcohol, gaming and defense industry stocks — is outperforming the Standard & Poor’s index, but fund manager Jeff Middleswart claims it would be performing even better if it contained less gaming-related stocks, which are acting as a drag on the ‘sindex’ fund’s upward momentum during this economic downturn. Attention Professor Kindt — our phone lines are open, eagerly awaiting your mea culpa. Read more.

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