February 8, 2007

Making It Easier to Invest in Vice and the Boomers

Two unusual funds now available through Schwab's OneSource

Two growth funds that are anything but run of the mill are now available through Schwab's One Source no-load, no-transaction-fee mutual fund platform: the Vice Fund (VICEX) and the Generation Wave Growth Fund (GWGFX). Both funds are advised by Mutuals Advisors of Dallas. The Vice Fund takes what the advisor calls a "defensive growth strategy" that focuses on investments in alcohol, tobacco, gaming and defense sector stocks. The Generation Wave Fund is a fund-of-funds capital appreciation vehicle designed to take advantage of the spending habits of the baby boom generation. The Vice Fund has $86 million in assets and has three-year trailing returns of 18.77%, according to Morningstar, which awarded it a five-star overall rating in January. The three-star Generation Wave fund has $51 million in assets and has five-year trailing returns of 8.62%.
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