The Vice Fund is a mutual fund investing in companies that have significant involvement in, or derive a substantial portion of their revenues from, industries such as tobacco, gaming, defense/weapons, liquor and other companies whose products or services are widely considered not to be socially responsible. The fund has received a great deal of media coverage. The Vice Fund was created specifically to contrast with the trend in socially responsible investing.

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  • The Vice Fund is a mutual fund investing in companies that have significant involvement in, or derive a substantial portion of their revenues from, industries such as tobacco, gaming, defense/weapons, liquor and other companies whose products or services are widely considered not to be socially responsible. The fund has received a great deal of media coverage. The Vice Fund was created specifically to contrast with the trend in socially responsible investing. VICEX specializes in investing in the defense, alcohol, tobacco, and gambling industries, and has outperformed the S&P 500. “Is it Better to be Naughty or Nice,” by Shank cites a study that compared portfolios made up of top socially responsible funds and that made up of top vice funds. Analysis of alpha regression models found that in the short-term, differences between the two portfolios’ performance was negligible. Only the SRI funds had any significant positive risk-adjusted performance. For the five and ten year period, only the SRI portfolio had positive and significant alpha value, suggesting that the market valued the features of the companies in the SRI portfolio. For the same periods, the vice portfolio showed no significant excess return. These findings indicate that the market valued the features of the SRI portfolio over the longer time horizons, while not valuing the vice funds for any period, and it was the SRI portfolio that had superior risk-adjusted performance. In addition, the Free Enterprise Action Fund, which performed worse than both the S&P 500 and most socially responsible mutual funds, files shareholder resolutions which oppose the general trend of socially responsible investing, for example by asking GE to "justify lobbying for global warming regulation."
  • Vice Fund (deutsch Laster-Fonds) ist ein US-amerikanischer Investmentfonds, der ausschließlich in Alkohol, Zigaretten, Glücksspiel und die Rüstungsindustrie investiert. Der Name leitet sich dadurch ab, dass die für Investments ausgewählten Wirtschaftsbereiche von Menschen teilweise als „lasterhaft“ angesehen werden. Aufgrund dieser speziellen Ausrichtung erhielt der Fonds ein besonders hohes, meist kritisches Medieninteresse. Der Fonds verwaltet Ende März 2008 ein Kapitalvermögen von ca. 180 Millionen US-Dollar. Die Performance des Fonds wurde in der allgemeinen Berichterstattung hervorgehoben, weil der Fonds den S&P 500 Index mehrfach übertroffen hat.
  • Vice Fund est un fonds d'investissement américain qui intervient sur les sociétés dont l'activité est en totalité ou pour partie dans des domaines tels que le tabac, les jeux, l'alcool, les armes, la défense ou autres considérés comme moralement incorrects. Ces investissements restent cependant dans des activités totalement légales (la drogue et la prostitution en sont exclues). C'est en quelque sorte l'approche inverse des ISR. Le fonds a obtenu une large couverture médiatique. Il a été créé par Dan Ahrens en 2002 au Texas. Il est géré par la compagnie financière USA Mutuals.
  • VICE FUND er et investeringsfond som investerer i bedrifter som involverer seg signifikant i, eller får en stor del av overskuddet fra industrier som tobakk, hasardspill, forsvar/våpen, sprit og andre bedrifter som driver med aktiviteter som ikke betraktes som sosialt korrekt. Fondet har oppnådd mye omtale fra medier i den engelskspråklige verden. Andre Vice funds eksisterer på andre børser.
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  • February 2009
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  • The Vice Fund is a mutual fund investing in companies that have significant involvement in, or derive a substantial portion of their revenues from, industries such as tobacco, gaming, defense/weapons, liquor and other companies whose products or services are widely considered not to be socially responsible. The fund has received a great deal of media coverage. The Vice Fund was created specifically to contrast with the trend in socially responsible investing.
  • Vice Fund (deutsch Laster-Fonds) ist ein US-amerikanischer Investmentfonds, der ausschließlich in Alkohol, Zigaretten, Glücksspiel und die Rüstungsindustrie investiert. Der Name leitet sich dadurch ab, dass die für Investments ausgewählten Wirtschaftsbereiche von Menschen teilweise als „lasterhaft“ angesehen werden. Aufgrund dieser speziellen Ausrichtung erhielt der Fonds ein besonders hohes, meist kritisches Medieninteresse.
  • Vice Fund est un fonds d'investissement américain qui intervient sur les sociétés dont l'activité est en totalité ou pour partie dans des domaines tels que le tabac, les jeux, l'alcool, les armes, la défense ou autres considérés comme moralement incorrects. Ces investissements restent cependant dans des activités totalement légales (la drogue et la prostitution en sont exclues). C'est en quelque sorte l'approche inverse des ISR. Le fonds a obtenu une large couverture médiatique.
  • VICE FUND er et investeringsfond som investerer i bedrifter som involverer seg signifikant i, eller får en stor del av overskuddet fra industrier som tobakk, hasardspill, forsvar/våpen, sprit og andre bedrifter som driver med aktiviteter som ikke betraktes som sosialt korrekt. Fondet har oppnådd mye omtale fra medier i den engelskspråklige verden. Andre Vice funds eksisterer på andre børser.
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  • Vice Fund
  • Vice Fund
  • Vice fund
  • VICE FUND
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