From Mental Floss:
Are you looking to invest in a mutual fund? Are you worried that the portfolio of stocks and bonds selected by the fund managers won’t accurately reflect your core beliefs? Fear not; if you dig hard enough, you can probably turn up a niche fund that meets both your need for a solid return and your personal ideology (or lack thereof). Take one of these, for example:
The Vice FundPerhaps the most well-known niche fund is the Vice Fund, which ignores moral qualms and shoots straight for the seedy core of the stock market. The fund focuses on four sectors: defense/weapons, gambling, tobacco, and booze....MORE
We have a strictly academic interest in this part of the investing universe:
Oct. 19, 2007
Back in April we noted the Kacperczyk/Hong paper, "The Price of Sin: The Effects of Social Norms on Markets" in our post "Moral Judgment On 'Sin Stocks' Means Higher Returns For Vice-Friendly Investors."