I read about vice funds a while back on fark.com. From the site the fund invests in alcohol, tobacco, gaming, aerospace and defense stocks. It is an interesting concept because in many ways people are addicted to this stuff and they have had very nice yearly returns ( close to 14.3%/yr ) to back their idea.
Now for anyone who still reads this would you invest in it ? Abhi , I think I already know your answer :)