Investment Themes

Sin stocks: A selection to follow or to exclude?

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Investment Themes

The expression may have come up in one of your readings. Indeed, financial literature regularly addresses the theme of "Sin Stocks", understanding the actions of companies operating in unethical areas. This qualifier is particularly important because the recent rush towards "socially responsible" assets has made them pariahs among some managers. Let's dive into this unsavoury world together.

Did you know that? Betting on ethically incorrect sectors has long been a way to beat the stock market. In a study from the fall of 2019, UBS showed that a portfolio of stocks exposed to Tobacco, Alcohol and Gambling outperformed the MSCI World Index by an average of 4.9% per year from 1963 to the present day. Isn't that amazing? However, this trend has slowed considerably since 2010. It has even reversed since 2017 due to the disgrace of Tobacco and Gambling.

This thematic list explores companies operating in those "grey area" sectors, most of which do not fit well with so-called responsible investment (based on the principles of integrating Environmental, Social and Governance practices). It includes players in the Tobacco, Alcohol, Coal, Cannabis, Gambling, Nuclear and Weapons sectors. Given the sectors concerned, the list is dominated by stocks that are not very cyclical, with a balanced geographical distribution between Europe, the United States and the rest of the world (the Chinese stocks selected are limited to Hong Kong).

So are these stocks recommendable or not? It is up to you to decide whether you will use them as an investment base or as an exclusion list.

Our selection

Consumer Cyclical
Lottery Operators
2.87B -2.58%
Consumer Cyclical
Other Casinos & Gaming
6.55B -2.24%
Consumer Cyclical
Other Casinos & Gaming
2.03B -8.87%
Consumer Non-Cyclical
Cigars & Cigarette Manufacturing
10.11B +0.07%
Industrials
Other Aerospace & Defense
9.85B +41.36%
Consumer Non-Cyclical
Other Brewers
18.18B +0.41%
Industrials
Other Aerospace & Defense
10.64B +9.94%
Consumer Cyclical
Other Casinos & Gaming
7.55B -1.55%
Consumer Cyclical
Other Casinos & Gaming
13.41B -1.49%
Consumer Non-Cyclical
Other Distillers & Wineries
48.59B +4.43%
Consumer Cyclical
Other Casinos & Gaming
23.49B -1.36%
Industrials
Other Aerospace & Defense
26.05B +17.73%
Consumer Non-Cyclical
Other Brewers
9.51B +4.63%
Consumer Cyclical
Other Casinos & Gaming
6.56B -4.46%
Industrials
Other Aerospace & Defense
5.62B +30.58%
Industrials
Other Aerospace & Defense
1.98B +18.31%
Consumer Non-Cyclical
Wineries
657M -3.26%
Industrials
Other Aerospace & Defense
15.19B +15.51%
Consumer Non-Cyclical
Other Brewers
4.4B -0.96%
Consumer Cyclical
Other Casinos & Gaming
7.8B -3.93%
Consumer Cyclical
Other Casinos & Gaming
4.99B -3.05%
Industrials
Other Aerospace & Defense
10.9B +20.24%
Consumer Non-Cyclical
Other Brewers
12.14B +0.92%
Consumer Non-Cyclical
Other Brewers
40.45B +0.94%
Consumer Non-Cyclical
Distilleries
8.03B +2.89%
Consumer Cyclical
Other Casinos & Gaming
1.07B -3.70%
Consumer Non-Cyclical
Cigars & Cigarette Manufacturing
2.72B -3.00%
Industrials
Other Aerospace & Defense
18.42B +18.86%
Industrials
Other Aerospace & Defense
81.94B +22.11%
Industrials
Other Aerospace & Defense
62.81B +15.49%
Industrials
Other Aerospace & Defense
39.76B +29.43%
Consumer Non-Cyclical
Other Brewers
15.31B +0.95%
Consumer Non-Cyclical
Other Brewers
45.11B -3.67%
Industrials
Other Aerospace & Defense
30.9B +22.89%
Industrials
Other Aerospace & Defense
2.26B +22.27%
Consumer Non-Cyclical
Other Brewers
128B +3.97%
Consumer Non-Cyclical
Other Brewers
3.67B -11.80%
Industrials
Other Aerospace & Defense
8.11B +28.74%
Consumer Non-Cyclical
Cigars & Cigarette Manufacturing
46.82B -16.03%
Consumer Cyclical
Casinos
6.85B +0.69%
Consumer Non-Cyclical
Other Distillers & Wineries
21.82B +2.13%
Industrials
Other Aerospace & Defense
3.56B +14.02%
Consumer Cyclical
Other Casinos & Gaming
1.92B -1.08%
Consumer Cyclical
Other Casinos & Gaming
5.03B +5.37%
Consumer Non-Cyclical
Other Distillers & Wineries
2.47B +12.77%
Industrials
Other Aerospace & Defense
50.18B +10.05%
Consumer Cyclical
Other Casinos & Gaming
37.73B -1.86%
Energy
Other Uranium
46.89B +21.59%
Energy
Other Coal
2.74B +5.59%
Industrials
Other Aerospace & Defense
9.8B +19.87%
Consumer Cyclical
Other Casinos & Gaming
6.87B +3.87%
Industrials
Other Aerospace & Defense
3.79B +18.69%
Industrials
Other Aerospace & Defense
39.21B +19.37%
Industrials
Other Aerospace & Defense
16.62B +8.62%
Consumer Cyclical
Pubs, Bars & Night Clubs
1.09B +2.58%
Industrials
Other Aerospace & Defense
88.32B +10.54%
Consumer Cyclical
Other Casinos & Gaming
2.36B +2.27%
Industrials
Other Aerospace & Defense
146B +11.91%
Industrials
Other Aerospace & Defense
19.32B +7.91%
Consumer Cyclical
Casinos
39.86B -8.12%
Industrials
Other Aerospace & Defense
10.54B +7.24%
Energy
Coal Mining Support
6.79B +6.78%
Consumer Non-Cyclical
Other Brewers
10.98B +0.99%
Consumer Non-Cyclical
Other Distillers & Wineries
12.05B +2.30%
Industrials
Other Aerospace & Defense
18.14B +51.79%
Consumer Non-Cyclical
Distilleries
10.47B -8.04%
Consumer Cyclical
Other Casinos & Gaming
19.47B -5.10%
Consumer Cyclical
Other Casinos & Gaming
6.24B -4.20%
Consumer Non-Cyclical
Cigars & Cigarette Manufacturing
96.57B +0.49%
Consumer Non-Cyclical
Other Brewers
25.49B +10.34%
Industrials
Other Aerospace & Defense
42.78B +29.01%
Industrials
Other Aerospace & Defense
9.1B +12.91%
Consumer Cyclical
Other Casinos & Gaming
2.6B -11.10%
Consumer Non-Cyclical
Other Tobacco
118B -2.25%
Energy
Other Coal
808M +9.54%
Industrials
Other Aerospace & Defense
3.34B +18.89%
Energy
Other Coal
3.59B +16.02%
Energy
Uranium Mining
3.18B +9.80%
Industrials
Other Aerospace & Defense
101B +21.08%
Industrials
Other Aerospace & Defense
7.47B +23.50%
Industrials
Other Aerospace & Defense
21.71B +9.38%
Industrials
Other Aerospace & Defense
6.43B +10.38%
Consumer Cyclical
Casinos
9.42B -5.15%
Energy
Coal Mining Support
890M +28.57%
Industrials
Other Aerospace & Defense
19.2B +53.88%
Consumer Non-Cyclical
Other Tobacco
9.37B -1.76%
Industrials
Other Aerospace & Defense
4.71B +18.19%
Energy
Other Coal
4.32B +6.19%
Energy
Other Coal
1.6B +1.22%
Industrials
Other Aerospace & Defense
45.32B +23.95%
Energy
Uranium Mining
2.97B +27.47%
Industrials
Other Aerospace & Defense
1.81B +39.34%
Industrials
Other Aerospace & Defense
14.06B +44.38%
Consumer Non-Cyclical
Wineries
2.79B -0.57%
Energy
Uranium Mining
7.09B +20.35%
Energy
Other Uranium
1.98B +5.66%
Consumer Cyclical
Other Casinos & Gaming
934M -0.18%
Consumer Non-Cyclical
Other Brewers
20.45B -2.88%
Consumer Non-Cyclical
Other Tobacco
1.36B +2.52%
Consumer Non-Cyclical
Other Distillers & Wineries
1.98B +1.18%
Consumer Cyclical
Gaming Machine Operators
959M +0.35%
Energy
Other Coal
4.11B +15.94%
Consumer Non-Cyclical
Cigars & Cigarette Manufacturing
64.88B +2.43%
Industrials
Other Aerospace & Defense
253B +4.35%
Industrials
Other Aerospace & Defense
95.45B +6.56%
Consumer Non-Cyclical
Other Brewers
2.26B +4.39%
Consumer Non-Cyclical
Other Tobacco
2.1B +0.78%
Industrials
Other Aerospace & Defense
339B +4.80%
Energy
Other Uranium
7.13B +29.75%
Energy
Other Coal
4.94B +11.11%
Consumer Cyclical
Other Casinos & Gaming
21.99B +0.94%
Consumer Non-Cyclical
Other Distillers & Wineries
1.29B +0.85%
Consumer Non-Cyclical
Other Brewers
2.57B +6.14%
Consumer Cyclical
Other Casinos & Gaming
7.55B -5.54%
Industrials
Other Aerospace & Defense
6.45B +18.09%
Energy
Uranium Mining
1.33B +10.33%
Consumer Non-Cyclical
Other Tobacco
253B +1.48%
Consumer Non-Cyclical
Other Tobacco
31.92B -3.01%
Consumer Non-Cyclical
Other Distillers & Wineries
527M +2.57%
Energy
Other Coal
4.6B +6.65%
Energy
Other Coal
2.29B +3.47%
Consumer Cyclical
Casinos
2.15B -3.32%
Energy
Uranium Mining
4.31B +33.05%
Consumer Cyclical
Other Casinos & Gaming
17.51B +3.11%
Industrials
Other Aerospace & Defense
25.21B +25.35%
Industrials
Other Aerospace & Defense
2.35B +26.49%
Industrials
Arms & Ammunitions Manufacturing
841M +12.17%
Energy
Other Coal
1.48B +7.21%
Energy
Other Coal
1.44B +6.08%
Energy
Other Coal
37.79B +2.20%
Consumer Non-Cyclical
Other Brewers
2.17B +6.87%
Industrials
Other Aerospace & Defense
2.21B +17.41%
Industrials
Other Aerospace & Defense
1.72B +4.31%
Consumer Cyclical
Gambling & Gaming Machine Manufacturers
3.21B +1.26%
Industrials
Other Aerospace & Defense
17.6B +6.11%
Consumer Cyclical
Casinos
12.13B -2.30%
Energy
Other Coal
3.13B +5.47%
Energy
Other Uranium
3.55B +16.83%
Consumer Cyclical
Other Casinos & Gaming
3.95B -2.02%
Consumer Cyclical
Other Casinos & Gaming
720M +0.29%
Industrials
Other Aerospace & Defense
660M +16.87%
Industrials
Other Aerospace & Defense
10B +30.94%
Energy
Other Uranium
5.58B +25.52%
Consumer Cyclical
Other Casinos & Gaming
1.89B -2.03%
Consumer Non-Cyclical
Other Distillers & Wineries
4.37B -14.15%
Industrials
Other Aerospace & Defense
33.93B +4.49%
Industrials
Other Aerospace & Defense
6.85B +6.12%
Consumer Cyclical
Other Casinos & Gaming
709M -2.96%
Consumer Cyclical
Other Casinos & Gaming
3.71B +0.62%
Consumer Cyclical
Casinos
2.47B -5.17%
Industrials
Other Aerospace & Defense
911M +37.57%
Consumer Cyclical
Casinos
1.7B -2.69%
Consumer Cyclical
Casinos
995M +0.24%
Energy
Other Coal
30.66B +8.35%
Industrials
Other Aerospace & Defense
33.07B +2.96%
Energy
Other Coal
13.42B -14.10%
Energy
Other Coal
23.95B +10.55%
Energy
Other Coal
910M +8.37%
Industrials
Other Aerospace & Defense
1.72B +3.87%
Energy
Other Coal
3.35B +3.94%
Energy
Other Coal
118B +5.82%
Energy
Other Coal
17.62B +12.47%
Consumer Cyclical
Other Casinos & Gaming
5.29B -12.13%
Energy
Other Coal
819M +8.97%
Consumer Cyclical
Gambling & Gaming Machine Manufacturers
8.22B +15.82%
Industrials
Other Aerospace & Defense
11.18B +1.24%
Consumer Non-Cyclical
Other Distillers & Wineries
8.98B 0.00%
Consumer Non-Cyclical
Other Brewers
13.19B +3.43%
Consumer Non-Cyclical
Distilleries
3.58B -4.61%
Industrials
Other Aerospace & Defense
3.12B +0.41%
Industrials
Other Aerospace & Defense
1.58B +7.91%
Industrials
Other Aerospace & Defense
6.18B +4.53%
Industrials
Other Aerospace & Defense
1.26B +5.83%
Industrials
Other Aerospace & Defense
659M +24.39%
Industrials
Other Aerospace & Defense
916M -9.50%
Energy
Other Coal
1.94B -5.85%
Consumer Non-Cyclical
Other Brewers
831M -
Energy
Other Coal
10.19B +26.23%
Industrials
Other Aerospace & Defense
7.94B -.--%
Energy
Other Coal
2.37B -.--%
Industrials
Other Aerospace & Defense
1.87B +41.13%
Industrials
Other Aerospace & Defense
768M +24.00%
Energy
Other Coal
1.96B +20.90%
Industrials
Other Aerospace & Defense
1.07B +19.96%
Industrials
Other Aerospace & Defense
1.87B +22.57%

News of the components

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Heatmap

Calendar of the components

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Sector allocation

Ratings chart - Surperformance

Ratings ESG MSCI

  1. Stock Market
  2. Investment Themes
  3. Sin stocks: A selection to follow or to exclude?