Back in April we noted the Kacperczyk/Hong
paper, "The Price of Sin: The Effects of Social Norms on Markets" in "
Moral Judgment On 'Sin Stocks' Means Higher Returns For Vice-Friendly Investors.I was just talking to a gentleman who purchased the VICEX fund after reading the post, which reminded me I should do a six month check-up on these things.
| 24.34 +0.03 (0.12%) NAV as of Oct 18, 2007 |
| YTD Return: | 22.31% | | Net Assets: | 156.48M | | Front Load: | None |
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| | Yield (ttm): | 0.26% | | Expense Ratio: | 1.75% | | Morningstar Rating: |  |
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| Mutual fund data delayed - Disclaimer |
The post also mentions the storming of Peabody Energy (largest coal miner) headquarters. I was surprised by how well the stock has held up. My first thought looking at the chart was "Is this an LBO candidate?" or maybe a subsidiary of China Inc. someday. Time will tell.
