President Obama and gun control advocates may want to limit your right to purchase firearms, but they are not opposed to owning stock in gun and ammo manufacturers.
An investigation by Reuters revealed that Obama and other anti-gun Democrats have money invested in funds that involve gun stocks.
President Obama has $100,000 invested in a $16 billion Illinois state pension plan from his days in the state senate. That $16 billion plan has $5 million invested directly in several gun and ammo makers, and it also includes a small-cap mutual fund with a $9.5 million stake in Smith & Wesson, the news service reported.
But it’s not simply gun control advocates from the Illinois state legislature who have money invested in gun and ammo stocks. US Senator Dick Durbin (D-Illinois), a leading advocate of gun control, has $115,000 invested in an S Fund through the federal Thrift Savings Plan that involves stock in gun companies. The S Fund lets members of Congress invest in mutual funds such as the First Eagle Global Fund, which has $196.9 million worth of stock in ammo and gun maker Vista Outdoor.