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Fund Invests in Profitable Vices, not Virtue

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Fund Invests in Profitable Vices, not Virtue

Fund Invests in Profitable Vices, not Virtue

Fund Invests in Profitable Vices, not Virtue

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  • <iframe src="https://www.npr.org/player/embed/7703384/7703385" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The Vice Fund is an investment vehicle that puts money into tobacco, alcohol, gambling and defense companies. The mutual fund advertises itself as a good investment for economically volatile times. But some financial experts aren't so sure.

Debbie Elliott speaks with the Vice Fund portfolio manager Charles Norton. She then speaks with Tony Plath, a professor of Finance at the University of North Carolina.