NYC public advocate: Funds should divest from Wal-Mart

NEW YORK — New York City Public Advocate Letitia James is calling for the city's pensions funds to divest from Wal-Mart.

James, the city's elected watchdog, said the New York's five pensions boards should not invest in the chain store because it is the nation's largest guns retailer.

She said Wednesday that the city's money "should not bolster those whose weapons kill our civilians."

James said she was moved to act in the wake of a number of mass shootings, including last month's in Charleston, S.C.

A call to Wal-Mart, the nation's largest retailer, was not immediately returned.

James is a trustee to one of the city's five pension funds, the $54.5 billion NYCERS. She said that the five funds in total invest hundreds of millions with Wal-Mart.

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