Largest fund managers are heavily invested in arms manufacturers, nuclear weapons, and controversial weapons
Are your savings invested with one of these financial giants? The top 25 U.S. fund managers* all earn a D grade or worse, with significant investments in arms manufacturers and major military contractors, including companies involved with nuclear weapons and controversial weapons like cluster munitions, anti-personnel landmines, incendiary weapons, and depleted uranium.
* Top 25 asset managers by USD invested in equity funds. Universe covers U.S. open-end mutual funds and exchange-traded funds with at least 50% of assets directly invested in equities, excluding fixed income funds, target date fund-of-funds, and other alternative investment vehicles like collective trusts, separately managed accounts, or funds domiciled outside the U.S.
Sustainable and socially responsible fund managers often have less weapons exposure
Fund managers that focus on sustainable investing have less exposure to military weapons on average. The top 25 sustainable fund managers† earn mostly C grades or better, with many having no investments in nuclear weapons, and almost all avoiding investments in controversial weapons.
† Top 25 sustainable fund managers by USD invested. "Sustainable fund manager" defined as fund managers with at least 50% of assets invested in funds with a sustainable investing mandate, per Morningstar. Universe covers U.S. open-end mutual funds and exchange-traded funds excluding other alternative investment vehicles like collective trusts, separately managed accounts, or funds domiciled outside the U.S.