MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, August 20, 2010 Vice Counts On Guns, Smokes and Booze, Not Dice USA Mutuals' flagship Vice Fund [see profile] is gaining headlines even as it focuses its strategy away from one of its four targets. The Associated Press' Mark Jewell highlights the recent success of the sin-focused fund, now managed by Jeff Middleswart. The fund is riding the recent booms in the stocks of cigarette makers, defense contractors and makers of alcoholic beverages, even as it shies a bit away from casino stocks, which are struggling. All told, the fund is up 4.5 percent year-to-date, putting it in the top three percent of large-blend funds (according to Morningstar) and beating out the S&P 500's 1.9 percent decline year-to-date. Fundsters interested in learning more about the Vice Fund or its Dallas-based manager may want to check out the full article. The New York Times' "DealBook" blog also highlighted the AP article. Printed from: MFWire.com/story.asp?s=33208 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |