Institutional investors and individuals who choose investments in their retirement and brokerage accounts may not know it, but it's tougher than they think to follow socially responsible investment principles and divest their portfolios of the stocks of firearms makers and manufacturers of ammunition.
The reason? Those stocks get classified across multiple industries, instead of clearly labeling them as what they are.
Reuters reports that despite efforts on the part of large public pension plans and individual investors to divest their portfolios of gun and ammunition manufacturers—a process that increases in the wake of mass shootings—it's not as easy as pinpointing them and eliminating them from a portfolio.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
