MutualFundWire.com: Vices Can Be Good, One Fund Finds
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Friday, April 13, 2007

Vices Can Be Good, One Fund Finds


Religious based funds may bee a booming business but so is their antithesis, the vice fund. The fund, run by Charles Norton is raking in cash from its investments in Las Vegas casinos, tobacco firms, hard liquor and defense companies. The Street.com reports that Norton says the only problem with the fund right now is an "embarassment of riches." Apparently, when it comes to money, being bad can be good for the bottom line.


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