Vice is Nice When it Comes to Investing

Vice is Nice When it Comes to Investing - at www.moneyweek.com - the best of the international financial media

One of the interesting developments in investment markets in recent years has been the emergence of so-called "ethical funds," which only invest in companies meeting certain moral criteria.

They avoid firms making profit from human weaknesses such as addiction to legal drugs (tobacco, alcohol), gluttony, gambling and promiscuity, as well as activities stigmatised by popular opinion or vocal minorities genetically-modified seeds, nuclear power, armaments, animal testing of new products, abortion, involvement in countries with nasty governments.

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