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The indexes were tailored for those following environmental, social, and governance-related investing philosophies, and the head of MSCI's ESG index division noted that "there is growing demand for exclusionary indexes globally, including interest among the world's largest pension and endowment funds for tobacco exclusion benchmarks." The iShares Developed World ex Tobacco Index Fund , an open-end mutual fund, now tracks one of those indexes, and other ESG mutual funds and ETFs have taken a broader approach that excludes not only tobacco companies but also other attributes that ESG investors find objectionable.

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J Psychosom Res

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Because nicotine is a stimulant, it naturally causes people to smoke a lot more