BlackRock Excludes Walmart, Other Gun Sellers From New Funds

BlackRock—the world’s largest money manager—is excluding gun makers and large gun retailers from two new exchange-traded funds, CNBC reports. The gun retailers stripped from the socially conscious funds include Walmart, Dick’s Sporting Goods, and Kroger, which have all vowed to stop selling firearms to those under the age of 21 in the wake of the Parkland high school shooting. The funds will also not invest in Sturm Ruger, American Outdoor Brands, and Vista Outdoor, a spokesman told CNBC. BlackRock told clients on Thursday that it was creating the new funds “to provide more choice for clients seeking to exclude firearms companies from their portfolios.”