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Oh the horror!
http://news.yahoo.com/special-report-why-obama-other-gun-control-advocates-153042870--sector.html
http://news.yahoo.com/special-report-why-obama-other-gun-control-advocates-153042870--sector.html
Barack Obama might seem an unlikely investor in the firearms industry. But the U.S. president, a fierce advocate for gun regulation, has money in a pension fund that holds stock in gun and ammunition companies.
Although Obama’s stake is minuscule, worth no more than $30, it reflects a much larger surge of investment.
The president is among millions of Americans buying into gun companies - often unwittingly - as mutual funds have increased such holdings to record levels, according to a Reuters analysis of institutional investment in firearms companies.
Since Obama was elected in 2009, mutual funds have raised their stakes to about $510 million from $30 million in the nation’s two largest gun manufacturers with publicly traded shares, Smith & Wesson Corp and Sturm, Ruger & Co. That means such stocks are now common in retirement and college savings plans.
Some members of Congress welcome the investment option.
“I’m just grateful the fund managers are investing in something that’s making money,” said Representative Kevin Cramer, a North Dakota Republican who opposes gun restrictions and has a small investment in the S fund.