Finding Gun Stocks in Fund Portfolios
And why asset managers should be engaging with gunmakers.
Some investors have expressed concerns about owning gun manufacturers through their fund investments. This piece by Morningstar’s Director of Sustainability Research Jon Hale is intended to aid them in determining whether they do have exposure to such firms and, if so, provide alternatives should they desire them.
As a mutual fund investor, you may be wondering whether any of your funds are invested in gun manufacturers like American Outdoor Brands (AOBC), which made the AR-15 used in the Parkland, Florida massacre of high school students. Two other publicly traded companies also make versions of the AR-15: Sturm Ruger (RGR) and Vista Outdoor (VSTO). Here's how to find out whether your funds are invested in these companies and some things you can do about it.
Jon Hale does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.