The world's largest asset manager will exclude gun manufacturers and retailers from its newest investment products

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• BlackRock, the world's largest asset manager, is offering new investment products that exclude gun manufacturers and retailers.
• It has been in discussions with these companies since March, in the wake of the fatal Parkland high school shooting.
• The decision is directly related to BlackRock CEO Larry Fink's declaration in January to only do business with companies that are taking into account their impact on society.
• This post is part of Business Insider's ongoing series on Better Capitalism.

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BlackRock, the world's largest asset manager with roughly $6.3 trillion in assets under management, is taking an active role in America's gun debate. And its clients will soon have more gun-free investment options to choose from, including retirement plans.

In a statement released April 4, BlackRock announced that in response to customer demand, it would offer two new exchange-traded funds (ETFs) and a line of pension plans that do not include companies that manufacture or sell civilian firearms.See the rest of the story at Business Insider

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