It’s not always simple to eliminate gun and ammo stocks from an investment portfolio, a new analysis reveals. (Photo: Shutterstock)

Institutional investors and individuals who choose investments in their retirement and brokerage accounts may not know it, but it’s tougher than they think to follow socially responsible investment principles and divest their portfolios of the stocks of firearms makers and manufacturers of ammunition.

The reason? Those stocks get classified across multiple industries, instead of clearly labeling them as what they are.

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