The Vice Fund

One thing that people don't give up in a recession are their vices such as tobacco, alcohol and gambling. So if you were to invest in the stock market in hard times, its a pretty good chance that while other stocks are plumetting, vice stocks are going to hold their own.

Enter the Vice Fund : http://finance.yahoo.com/q?s=vicex. While I make no comment on how ethical this may or may not be, here's their blurb;

The Vice Fund invests in companies, both domestic and foreign, engaged in theaerospace and defense industries, owners and operators of casinos and gaming facilities, manufacturers of gaming equipment such as slot machines, manufacturers of cigarettes and other tobacco products, and brewers, distillers,vintners and producers of other alcoholic beverages.We believe that there are numerous investment opportunities in these sectors which have been largely overlooked by other funds. While many of the most widely held and well-known mutual fund families invest in companies doing business in these sectors, NO OTHER FUND CONCENTRATES SOLELY ON THESE FOUR SECTORS.Our rigorous focus on aerospace/defense, gaming, tobacco and alcoholic beverages - along with our vast experience navigating within them - provides our investors with maximum exposure to these sectors.