Teacher Pension Funds in 12 States Are Invested in Gun Stocks [Fortune]
AMERICAN OUTDOOR BRANDS CORP (AOBC)
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Source: Fortune
Teachers across Florida and at a high school where 17 people were shot dead on Feb. 14 pay into a retirement fund that invests in gun companies, it was revealed earlier this week. It turns out they’re not alone. Pension funds managed for public school teachers in at least a dozen U.S. states, including New York and California, own stocks issued by the makers of firearms, including American Outdoor Brands Corp., the company previously known as Smith & Wesson that manufactured the semiautomatic AR-15 used in the attack at Marjory Stoneman Douglas High School. The type of assault rifle has been the weapon of choice in America’s mass shootings. The financial stakes held by teacher pension funds in gun companies, like those of other equities, each represent only a sliver of the multibillion-dollar state retirement systems’ investments, according to a Bloomberg analysis. But the holdings have already become a hot-button issue in Florida, where last week’s massacre prompted teache
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