YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Steelman and the MIT Board of Trustees enacted a policy to screen investments in MIT’s $22 million portfolio to make sure they aren’t placed with companies that sponsor or support terrorist activities.
The trust’s new policy prohibits investing in companies identified in the screening process as linked to terrorism.
“With this new policy, we reduce the global security risk that terrorism poses to investment portfolios and ensure our dollars are not financing our enemies in the war on terror,” Steelman said in a news release.
MIT is an equities portfolio created by the General Assembly for the long-term investment of funds held for libraries, and arts and humanities programs in Missouri.
In July, the Missouri State Employees Retirement System passed a resolution to implement a similar policy to screen investments in its $6 billion portfolio.
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