New York City Pension Funds May Sell Almost $18 Million Worth Of Gun Stocks

“(Reuters) – New York City’s pension funds may sell nearly $18 million worth of stock in four companies that manufacture guns and ammunition, a spokesman said on Tuesday.

The city’s pension funds join a growing list of investors and corporations that are distancing themselves from the gun industry following a massacre at a school in Newport, Conn., last week that claimed the lives of 20 students who were 6 and 7 years old.

The city is reviewing its holdings and “aggressively exploring all options, including divestment,” said Matthew Sweeney, a spokesman for New York City Comptroller John Liu…”

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