Wrenching volatility in core investments has created greater appreciation for the sin sector. Like it or not, sin stocks have a place in portfolios, academic studies have shown.
Having historically produced above-average cash flows and dividends, vice stocks have the potential to outperform in a difficult economy.
At this webinar, you’ll learn from a sin stock portfolio manager and a leading academic expert about: br>
- What is considered a vice company?
- How vice stocks have performed versus the S&P 500
- Why vice-related companies often outperform companies of comparable size in traditional sectors
- Comparing a typical vice company to a typical consumer non-durable company
- Vice-stock performance in various market cycles
- Potential cost of abstaining from sin stocks
- Using sin stocks in an asset allocation strategy
Guest speakers are Jeff Middleswart, Portfolio Manager of the Vice Fund and president of Behind the Numbers LLC, and K.C. Ma, Ph.D., CFA, Roland Chair of Applied Investments at Stetson University and author of "Sin Stock Returns" with Dr. Frank Fabozzi of Yale University.
Launched in 2002, The Vice Fund focuses on four industry groups--alcohol, tobacco, gaming and defense. It has received much recent media attention due to its outperforming the S&P 500 and ranking in the top 3 percent of its large-blend fund peers according to Morningstar. USA Mutuals functions as the investment advisor to the Vice and the Generational Wave Growth Funds.