Investors gain 2.5 percent a year investing in “sin stocks”—tobacco, alcohol and gambling. Marcin Kacperczyk, professor of finance at NYU Stern, explains the “price of sin” and how it may help investors boost their portfolios.

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Anheuser-Busch InBev, has agreed to sell breweries in nine eastern European countries to CVC Capital Partners for an initial $2.23 billion, passing its target for divestments since its merger a year ago.