US investment giant pressures gun firms


FE Team | Published: March 03, 2018 12:11:14 | Updated: March 04, 2018 09:51:58


Image Courtesy: BBC

The world's biggest investment management firm, BlackRock Inc, is leaning on companies that make and sell guns in response to the Florida school shooting.

It is considering excluding them from some of its portfolios and is asking how they monitor safe use of weapons.

The US corporation said the Florida shooting on 14 February, in which 17 people died, required a response.

Walmart and Dick's Sporting Goods announced curbs on gun sales earlier, reports BBC.

"As it has for many people, the recent tragedy in Florida has driven home for BlackRock the terrible toll from gun violence in America," the corporation said on its website.

"We believe that this event requires response and action from a wide range of entities across both the public and private sectors."

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