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Definition of 'Vice Fund'
A mutual fund that invests in gaming, such as casino operators and gaming equipment, alcohol, tobacco and aerospace/defense sectors. The fund invests in both domestic and foreign-based equities, and holdings range from small cap to mega cap companies.
The fund has been in operation since 2002 and focuses on so-called "vices" that are considered by many to be socially irresponsible investments, or "sin stocks".
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Investopedia explains 'Vice Fund'
The Vice Fund has little direct competition based on sector allocations, but as of 2007, it had outperformed the Russell 1000 Index (its benchmark index) since its inception. The fund is considered non-diversified, and carries a relatively high expense ratio of greater than 1.5% annually.
The Vice Fund stands in stark contrast to the many socially conscious or responsible mutual funds on the market, but it is based on the philosophy that sectors like gaming and alcohol have inherently solid demand; therefore, companies that are leaders in these sectors should produce good returns for shareholders.
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Search results for 'Vice Fund'
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http://www.investopedia.com/articles/stocks/08/sri-versus-sin-stock.asp
... business. The Vice Fund, launched on August 30, 2002, is the industry's oldest
sin fund. ... 9.03%. Vice Fund, -13.46%, 4.12%, 12.75%, N/A, 11.45%. ...
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http://www.investopedia.com/articles/mutualfund/03/031903.asp
... Another example of a socially irresponsible mutual fund is the vice fund.
Unlike leisure funds, the vice fund invests solely in ...
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http://stocks.investopedia.com/stock-analysis/2009/Finding-A-Win-In--Sin-PM-DEO-IGT1030.aspx
... is an active mutual fund in the space, USA Mutual's Vice Fund (VICEX), but individual
investors may have better results picking quality companies on their own. ...
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http://www.investopedia.com/ask/answers/03/091603.asp
... Whenever investors see the possibility of making a quick profit by buying low and
selling high (or vice versa), they can do so. Now, mutual fund timing is bad ...
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http://www.investopedia.com/articles/exchangetradedfunds/09/etf-tracking-errors.asp
... Vice versa, if futures further away from expiration have lower prices (backwardation),
the ... after its inception in 2006, the United States Oil Fund trailed its ...
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http://financialedge.investopedia.com/financial-edge/0112/Is-A-Bad-Reputation-A-Bad-Investment.aspx
... Then there's USA Mutuals, with its candidly named Vice Fund (Nasdaq:VICEX) that
picks up specifically those stocks that their more restrictive counterparts ...
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http://www.investopedia.com/university/quality-mutual-fund/chp9-perform-metrics
... investment qualities are what produce top-rated investment performance, not vice
versa. (For more insight, read The Truth Behind Mutual Fund Returns.) With ...
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http://www.investopedia.com/university/quality-mutual-fund/chp9-perform-metrics/historical-underlying.asp
... investment qualities are what produce top-rated investment performance, not vice
versa. (For more insight, read The Truth Behind Mutual Fund Returns.) With ...
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http://financialedge.investopedia.com/financial-edge/1209/Trade-Like-A-Hedge-Fund-Master.aspx
... the third Friday in February, which would give you the right to sell 100 shares
of the fund at $100 ... The VIX tends to fall when the market rises and vice versa. ...
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http://www.investopedia.com/university/quality-mutual-fund/chp3-invest-obj
... Small Cap (small company): Below $2 billion. What's important for mutual fund investors
to ... company moves from the small cap to large cap category and vice-versa ...
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