Does it pay to be bad? There’s an increasing amount of evidence which shows that it does.
The latest set of sin figures comes from SigFig. SigFig tracks over $350B in assets through partnerships with Fidelity, Schwab, and Ameritrade. The platform uses algorithmic strategies to organise portfolios for investors, reducing risk and minimizing fees. The asset management platform has just published a report titled “Does Vice Pay”, which looks at investor ownership of vice stocks, and how these vice stocks added, or detracted from performance during the past 12 months.
Low ownership
SigFig’s data shows that 1 in 8 stock investors (12.5%) on its platform owns a vice stock. In this case, SigFig defines vice as tobacco, marijuana,...
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