FYI: First it was tobacco. Then fossil fuels. Now guns have become a target on Wall Street.
But despite the outcry over the Feb. 14 school shooting in Florida, most ordinary investors seem unwilling to put their money where their outrage is. Since 17 people were gunned down in America’s latest mass killing, just $82 million of the $22 billion that’s flowed to exchange-traded funds went to the 50 or so products that put money to work in accordance with environmental, social and governance principles -- like screening out gun stocks.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-03-01/gun-toting-index-funds-retain-mom-and-pop-investors-amid-outcry?srnd=etfcenter
