What Once Were Vices…

August 16, 2002 (PLANSPONSOR.com) - If you're tired of hearing folks go on about "socially responsible" investing, then MUTUALS.com has the fund for you.

Yesterday the firm launched the Vice Fund, a new no-load mutual fund described as the “first and only open-end mutual fund to invest primarily in “socially irresponsible” industries,” including:

  • Alcohol
  • Gambling
  • Tobacco
  • Defense stocks

According to its filing with the Securities and Exchange Commission (SEC), the advisor believes these industries will always be supported – and that companies in these industries, if managed correctly, will continue to experience significant capital appreciation during good and bad markets. In fact, MUTUALS.com – an SEC registered Investment Advisor – says it considers these industries to be nearly “recession-proof.”

The firm’s web site ( www.vicefund.com ) notes that over the five-year period June 30, 1997, to June 30, 2002, an individual simply investing 25% into each of the alcohol, tobacco, gaming & casino, and aerospace/defense sectors would have significantly outperformed the S&P 500 index (earning 52.96% versus 11.83%, according to the firm).
The site offers fund facts, contact information, prospectus, and applications, as well as studies of the past performance of the alcohol, tobacco, gambling, and defense stock industries.

After all, as Abraham Lincoln once said, “”It has been my experience that folks who have no vices have very few virtues.”