PressTV-US pension fund faces pressure to divest from guns

Families of mass shooting victims in the United States are calling on America’s largest state pension fund to stop investing in companies that sell rifles and devices that allow guns to fire more rapidly.

The families are joining California State Treasurer John Chiang to urge the California Public Employees’ Retirement System (CalPERS) to sell its stock in companies that sell “military-style assault weapons” and devices such as bump stocks that help simulate automatic weapons.

Chiang, a candidate for governor of California, spoke Monday at a CalPERS board meeting alongside family members of people who have died in recent mass shootings in California.

“Enough is enough,” Chiang told The Associated Press in an interview. “You have to go to what moves people and we know money moves people.”

The mass shooting in February at a high school in Parkland, Florida, has sparked fresh efforts to increase financial pressure on the National Rifle…

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