ST. LOUIS — Former Missouri Treasurer Sarah Steelman has encouraged avoiding investing in companies that do business in countries that sponsor terrorism, but a newspaper reports she had also invested in such companies.
The St. Louis Post-Dispatch reports that financial statements show that while she was touting terrorism-free investing, Steelman owned mutual funds that bought stock in companies engaged in activities she had denounced.
Steelman, a Republican, is running for the Senate seat held by Democrat Claire McCaskill. The Post says Steelman owned mutual funds with interest in an oil firm that works in sanctioned nations. Another fund bought a stake in a Russian conglomerate that has an agreement with Iran.
Steelman has sold interest in both funds and says terrorism-free mutual funds should be more widely available.