Gun Holdings of 9 Big Fund Firms
Several large mutual fund companies like BlackRock and State Street have espoused a commitment to investments that benefit all stakeholders –shareholders, employees, suppliers, customers and the communities in which they operate.
State Street publishes an annual Corporate Responsibility report highlighting its commitment to environmental, social and governance principles and responsible investing and diversity.
BlackRock’s CEO Laurence Fink publishes an annual letter to CEOs reminding them about the importance of serving all stakeholders and it lays out its annual Investment Stewardshipengagement priorities for the upcoming year.
But some of these same companies still operate mutual funds and ETFs own shares of gun manufacturers and gun retailers, according to a recent report from As You Sow, a not-for-profit firm that analyzes the holdings of more than 5,000 U.S. mutual funds and ETFs using Morningstar data. It updates its analysis monthly. Read Full Article - Think Advisor, August 23, 2019