Because David Hogg will not be satisfied until he personally puts all gun manufacturers out of business, on Tuesday, he called for the boycott of two more investment companies that support gun manufacturers.
Hogg took to Twitter to instruct his followers to pull their business from BlackRock and The Vanguard Group, adding the hashtags #BoycottVanguard and #BoycottBlackrock.
.@blackrock and @Vanguard_Group are two of the biggest investors in gun manufacturers; if you use them, feel free to let them know. Thanks
— David Hogg (@davidhogg111) April 17, 2018
BlackRock is the largest institutional shareholder of Sturm Ruger and the second-largest investor of Vista Outdoor and American Outdoor Brands, the parent company of Smith & Wesson.
Vanguard is the second-largest shareholder of Sturm Ruger, and third-largest of American Outdoor Brands and Vista Outdoor.
But Hogg has clearly failed to do further homework on the two companies he's targeting. Last month, BlackRock announced that it will start offering gun-free retirement funds, as well as additional funds that do not include gun stocks. A Vanguard spokesperson said in a statement that most of the company's funds “do not have exposure to gun manufacturers,” and that 359 of its 388 funds do not directly invest in Sturm Ruger, American Outdoor Brands or Vista Outdoor. Furthermore, investors can put their money in a Vanguard social fund that excludes gunmakers.
But Hogg likely isn't satisfied with simply having the option of gun-free funds. He wants all funds to be gun-free, whether Americans like it or not.
And here's another interesting fact that Hogg likely overlooked. Morris Pearl, a former executive of BlackRock, has written a new book attacking the GOP tax plan, and anti-gun House Minority Leader Nancy Pelosi will reportedly attend his book unveiling in Washington, D.C. Wonder what Hogg has to say about that?
But I wouldn't worry too much if I were BlackRock and Vanguard. If this boycott goes anything like Hogg's boycott of Laura Ingraham did, they'll see their stock skyrocket.
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