If you have a portfolio or retirement account like a 401(k) or IRA, you may own a piece of a private prison company without even knowing it
New York Prison operators have been thrust into the spotlight recently since many of them run the controversial immigrant detention centers near the US border with Mexico.
Two of these companies, CoreCivic and GEO Group , are publicly traded -- so many may hold them in an index fund or ETF as part of portfolio or retirement account like a 401 or IRA without even knowing it. Vanguard and iShares owner BlackRock are the two largest holders of CoreCivic and GEO.
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