Blackrock & Vanguard, asset managers largely known for their passive index funds, seemingly turned activist after the Parkland shooting by publicly backing a Catholic nun's demands for Ruger to report on how its products are used in violent crime and to study & report measures it can take to reduce gun violence.
But today we find out that the asset managers privately supported Ruger management and were just trying to publicly deflect criticism away from themselves (Parkland activist David Hogg had called for a boycott of Vanguard & Blackrock because, as index funds, they owned ~30% of the gun maker).
But today we find out that the asset managers privately supported Ruger management and were just trying to publicly deflect criticism away from themselves (Parkland activist David Hogg had called for a boycott of Vanguard & Blackrock because, as index funds, they owned ~30% of the gun maker).



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