Today, BlackRock's iShares arm is rolling out a small - cap socially responsible ETF that is explicitly designed to exclude companies that manufacture and
sell civilian firearms.
Not exact matches
Though older versions are technically legal to own, buy, and
sell in many states, brand new «machine guns» — defined by law as a fully automatic weapon capable of firing more than one shot per trigger pull — have not been available for sale or purchase for
civilian use in the United States since the
Firearm Owners» Protection Act of 1986.
If you're interested solely in investment returns for funds minus guns, the Sustainalytics research found that total returns of the five companies in the FTSE Global All Cap index that produce or
sell assault weapons to
civilian customers — including Sturm Ruger, American Outdoor, Vista Outdoor and Dick's Sporting Goods — delivered three - year returns that trailed the market by 15 to 17 percentage points, showing that «the financial performance of
firearms companies is far from bulletproof.