New tool lets investors scrutinize funds for weapons companies – Pensions & Investments

Plan sponsors and participants who want to know whether the mutual funds in their retirement plans have direct stock holdings in gun manufacturers, weapons retailers and military contractors can find out via Weapon Free Funds, a new online tool from non-profit groups As You Sow and CODEPINK.

The free, searchable database, which went live in June, covers 3,000 commonly used U.S. mutual funds and exchange-traded funds from managers such as Vanguard Group Inc., Fidelity Investments and BlackRock (BLK) Inc. (BLK)

Each fund’s profile contains information on the total number of holdings, dollar amount and percentage of the fund’s assets that are invested in weapons companies, if any, along with a breakdown of the individual weapons companies the fund owns. Information is provided by Morningstar Inc.

Source: New tool lets investors scrutinize funds for weapons companies – Pensions & Investments

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