GOP Sen. Roger Marshall slams Fauci’s ‘investments in China’ despite having his own
Sen. Roger Marshall (R-KS), who made news last week after Dr. Anthony Fauci’s called him a “moron,” tried to punch back on Fox News on Monday. Marshall asserted that Dr. Fauci has “significant investments in China” through a mutual fund. Marshall himself has multiple similar investments with Chinese ties.
On “Hannity”, Marshall continued his attacks on the top White House medical adviser, demanding Dr. Fauci to release personal financial disclosures that are already public record. Marshall “proved” that Dr. Fauci and his wife made millions of dollars in part from a single mutual fund that has Chinese equity.
“Dr. Fauci and his spouse made almost $2 million in 2020,” Marshall said on the show. “A significant amount of these investments are investments in China and Hong Kong.”
However, recent U.S. Senate financial disclosure records show that Marshall has multiple mutual fund investments with significant Chinese equity ties, combined for anywhere between $65,000 and $150,000.
According to an amended 2020 annual report submitted to the Senate in November 2021, Marshall has at least $15,001 invested in the American Funds Europacific Growth A (AEPGX) mutual fund. Investment group Capital Group estimates that the mutual fund’s net assets include 7.4% being in China, the third-highest percentage of all countries involved in the fund. Marshall’s wife, Laina Marshall, has a similar investment in AEPGX.
The November 2021 report also lists shows Dr. Freeman investing at least $50,001 in American Funds New World Fund A (NEWFX). Capital Group estimates that NEWFX has 15% of its assets in China, the second-highest percentage of participating countries.
Josh Israel of The American Independent noted that public officials investing in mutual funds is both legal and a valid way for those officials to avoid conflicts of interest. It also allows public officials to invest without having to manage buying and selling stocks and bonds themselves. The issue of members of Congress to invest in the first place recently became controversial, as both Sens. Jon Ossoff (D-GA) and Josh Hawley (R-MO) introduced competing bills last week that would ban lawmakers from trading stocks and bonds.
Last week, Marshall introduced the Financial Accountability for Uniquely Compensated Individuals (FAUCI) Act in response to an argument during a Dr. Fauci’s Senate Health Committee testimony, in which a hot mic caught Dr. Fauci calling Marshall “a moron.” Marshall contends that Dr. Fauci has not disclosed enough of his personal finance disclosures than he should, despite Dr. Fauci insisting that the disclosures are public record for anyone that asks.
Marshall’s office did not respond for comment by press time. The Kansas senator continues to promote the “Hannity” appearance, posting it to Twitter as recent as noon CST Tuesday.
