How to know if you’re invested in gun stocks
Mass shootings in Dayton, Ohio and El Paso, Texas have sent the country reeling. It’s reignited the debate about gun control reform, and left some investors asking: ‘Am I investing in gun stocks?’
Most investors invest by placing their money in mutual funds and exchange-traded funds (ETFs) and adopting a “set it and forget it” strategy. These funds are sometimes invested in hundreds of different stocks. As a result, most people don’t actually know how much exposure their portfolio might have to firearm stocks.
According to a report from ThinkProgress, the world’s largest and most well-known fund firms offer numerous funds that hold positions in publicly-traded firearm companies, like Smith & Wesson-parent American Outdoor Brands (AOBC); Sturm, Ruger & Co. (RGR); and Olin (OLN). So unless you’ve thoroughly screened the prospectuses of your funds and ETFs, you may be unknowingly invested in firearm stocks. Read Full Article - Yahoo Finance, August 16, 2019