If the Vice Fund is any indication, sin is in. Since the beginning of the year, the fund, which invests in the gaming industry, alcoholic beverage makers, tobacco companies and defense contracts, has posted a 23% gain, the Las Vegas Review-Journal reports.

Charles Norton, portfolio manager of the Vice Fund, said the fund’s name is more than just a catchy title. While he himself rarely drinks or gambles, Norton said, “This is a very serious investment strategy, and there is more to it than the name might imply.” He said the fund provides investors a solid defensive strategy, as its holdings are not affected by changes in the economy.a

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