Special Report - Why Obama and other gun control advocates own stock in firearms makers


  • World
  • Friday, 05 Feb 2016

Gloria Lincoln-Thompson carries her 9mm Smith & Wesson pistol in her waist band during a rally in support of the Michigan Open Carry gun law in Romulus, in this Michigan April 27, 2014 file photo. REUTERS/Rebecca Cook/Files

WASHINGTON (Reuters) - 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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Panama president-elect Mulino seeking to make his own mark
Several people trapped after building collapses in South Africa
Turkey strikes northern Iraq from air, says it kills PKK members
Judge in Trump hush money case to consider jailing Trump
Russia detains journalist Kevorkova, son says
IAEA chief seeks tougher nuclear checks in Iran, with limited leverage
EU ends rule of law proceedings against Poland under liberal Tusk
Trump to return to New York courtroom for criminal hush money trial
Lamborghini bros no more: Crypto is creating a new wealth effect
Amazon driver fatally shoots person trying to steal vehicle at gunpoint, US cops say

Others Also Read