Vice Fund
Vice Fund ( German Laster Fund ) is an American investment fund that invests exclusively in alcohol , cigarettes , gambling and the armaments industry. The name is derived from the fact that the economic sectors selected for investments are sometimes viewed by people as " vicious ". Because of this special focus, the fund received particularly high, mostly critical, media interest. At the end of March 2008 the fund had capital assets of approximately $ 180 million. The fund's performance was highlighted in general reporting because the fund outperformed the S&P 500 index several times.
history
The fund was founded in 2002 by Dan Ahrens in Texas .
Fund Composition
The ten companies with the highest invested capital in the fund at the end of March 2014
| percentage | Companies | Economic sector |
|---|---|---|
| 6.5 | Lorillard | Cigarettes |
| 5.2 | Philip Morris International | Cigarettes |
| 5.0 | Altria Group | Cigarettes |
| 4.9 | MGM Resorts Intl | Gambling |
| 4.9 | Reynolds American | Cigarettes |
| 4.8 | Raytheon | armor |
| 4.2 | Constellation Brands | alcohol |
| 4.0 | Galaxy Entertainment Group | Gambling |
| 3.9 | Lockheed Martin Corp. | armor |
| 3.8 | Las Vegas Sands Corp. | Gambling |
Fund performance
Fund performance Annual fund returns:
| year | Return (in%) |
|---|---|
| 2010 | 35.06 |
| 2009 | −42.83 |
| 2008 | 4.44 |
| 2007 | 14.10 |
| 2006 | 34.33 |
| 2005 | 6.41 |
| 2004 | 24.37 |
| 2003 | 34.33 |
| average | 13.78 |
Managed capital assets
Assets under management in US dollars as of March 31 of each year.
| year |
Assets (in US $ millions) |
|---|---|
| 2011 | 79.04 |
| 2010 | 76.73 |
| 2009 | 70.99 |
| 2008 | 180.58 |
| 2007 | 103.03 |
| 2006 | 50.53 |
| 2005 | 31.48 |
| 2004 | 10.38 |
Individual evidence
- ↑ Sin funds earn from vice
- ↑ a b Official website - annual report of March 31, 2008 ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. (English; PDF file; 300 kB)
- ↑ Der Spiegel : “ The good business with the vice fund ” - Carsten Volkery - October 11, 2002
- ↑ Die Zeit : “ Profiteur of Sin ” - Thomas Fischermann - July 13, 2006
- ↑ Sueddeutsche Zeitung : " Dirty money - vice brings cash " - Angelika Slavik - May 15, 2007
- ↑ Top 10 fund units from March 31, 2014 ( Memento of the original from April 9, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (English)
- ↑ Official website - fund prospectus dated March 31, 2011 ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. (English; PDF file; 300 kB)
Web links
- Official website of the Barrier Fund (English)
- Performance overview on finance.google.com (English)