California state teachers' retirement funds on Friday plans to spin off its formal company hold guns, their weapons are illegal.
California state teachers' retirement system will now sell two listed gunmakers, stern, ruger and and pro. Smith held by the holding company of investment value of about $3 million.
Divestment plans a $161.5 billion pension fund since January, always play a role, the state treasurer bill lockyer advanced response of mass shootings in December in sandy hook elementary school in Connecticut.
Lockyer in fund, one of the most famous of California teachers on the blackboard, and pressed it in the shed its high-capacity ammunition magazine, for the general public is illegal in California.
Sandy hook shot involves a type of primary school in California ban on semi-automatic rifle, and sparked a national debate about gun control some pension funds, exert their own financial strength and the balance problem.
Lockyer also sitting on the board of directors, America's biggest public pension fund, the California public employees' retirement system. Its investment committee voted in February, ruger and reduction of Smith and pro is overweight, about $5 million in investment.



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