The gun control debate stirs some pretty strong opinions. Some might even claim, "I would NEVER own a gun." But, it turns out, they might actually be invested in gun companies without knowing it. Through their pension plans, their mutual funds, or other managed portfolios of investments, they might own a piece of a gun manufacturing company. Let's face it, gun manufacturing companies have performed extremely well over the last several years...and it is hard for a fund manager to resist a "sure thing" when it comes to an investment. As an educator, I have funds invested with TIAA...which is invested in American Outdoor Brands (formerly known as Smith & Wesson). They manufacture rifles similar to the AR-15 assault rifles which have been used in more than one mass shooting.
Sources: "You Might Be Giving Gun Companies Money, Even If You Don't Own a Gun," by Landon Thomas, Jr. and Stephen Grocer, New York Times, February 26, 2018. [Cover photo from repo.buzz] [Video from Money Talks News]
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