Why this ETF of ‘sin’ stocks is likely to reward investors with saintly results

Why this ETF of ‘sin’ stocks is likely to reward investors with saintly results
·3 min read

One of several reasons I have for betting that the fund will outperform the S&P 500 (SPX) is the historical outperformance of so-called sin stocks. Consider the results of a study conducted by Elroy Dimson, a finance professor at Cambridge University, Paul Marsh, a finance professor at the London Business School, and Mike Staunton, director of that institution’s London Share Price Database. The chart below shows what they found for alcohol and tobacco stocks’ performance over the past 120 years.

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