There are many types of investment funds available and many different financial institutions has their own special funds and then they have more popular general funds.
Many investment funds include a percentage of investment in a number of different companies, money markets, treasury bonds and so on.
With the huge anti-gun push sweeping the country, BlackRock is announcing that they are creating a couple of new investment funds that do not invest in any firearms companies. BlackRock is trying to molly coddle liberals who have turned against firearms and firearm companies and prevent them from withdrawing their investments with the company that owns part of Sturm Ruger and American Outdoor Brands.
(Winston-Salem Journal) – Asset management giant BlackRock said Thursday it will create two new exchange-traded funds that exclude the stocks of civilian firearms manufacturers as part of a social awareness campaign.
BlackRock owns 17 percent of Sturm Ruger & Co. and 11 percent of American Outdoor Brands through its various mutual fund indexes.
The new funds also will leave out retailers, such as Dick’s Sporting Goods, Kroger and Walmart, that make at least 5 percent of their annual revenue, or at least $20 million, from firearms sales.
Those funds are part of what BlackRock called “enhancing our environmental, social and governance (ESG) and other index product offerings.” The initiative also includes reducing fees for funds that already exclude firearms manufacturers’ stocks…
I’ve heard of other investors selling their shares in various firearm related companies. It’s sad to see so many people being sucked into the liberal anti-gun hype of the mainstream media. There are still millions of Americans who support gun rights and firearm companies, but sadly, you’ll never hear that from the media.