You know. The wankers who want you to invest in tofu stores, sandal manufacturers, and organic bean sprout farms. Well you can forget that wussy crap, because UK broker launches 'vice' fund:
Brokerage firm Willis Owen has unveiled plans to launch a 'vice' fund dedicated to putting money in companies shunned by ethical investment campaigners.Hot dang, time to shift the retirement funds!
It will focus in particular on "high dependency" stocks - shares in firms such as betting shops, and alcohol and tobacco manufacturers - which hold up well during recessions, and prosper during boom times.
Willis Owen said backing such companies can yield good returns for individuals whose consciences are not troubled by their investment decisions.
"It may not be politically correct, but we all know that sex, drugs and rock-and-roll sells," said Willis Owen managing director Richard Craven.
The vice fund, which Willis Owen aims to have up and running within the next few weeks, is based on a similar venture in the US which has generated twice the returns of the broad S&P 500 share index since being launched last year.
