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It's Time For Fund Giants To Step Up On Gun Laws

TedTed
in Fund Discussions
FYI: Corporate America is starting to take a stand on gun control, and now it’s time for more Boston money managers to say something, do something.

Many of our marquee investment firms own shares in gun companies, including Springfield’s American Outdoor Brands, which made the AR-15 assault rifle used in last month’s killing of 17 high school students and teachers in Parkland, Fla.

The list is long, the names illustrious: Fidelity Investments, State Street, Putnam Investments, John Hancock. Even the state pension fund, which invests $72 billion for government workers, holds gun stocks.
Regards,
Ted
https://www.bostonglobe.com/business/2018/03/01/time-for-fund-giants-step-gun-laws/Qrxlyv3ZERMfLdpalTbVXO/story.html

Comments

  • jerry
    Not sure about other fund companies but if I was a big cheese at TIA _CREF
    I would definitely create a large cap index fund -a few gun firms
  • JoJo26
    When/if this happens en masse, there is going to be inefficient pricing and active money managers are going to gobble these stocks up.
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