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Thats because the additional companies in the FTSE Developed only account for a very small proportion of the index's return

More directly, smoking also increases public health costs generated by the smokers themselves

[55] Per FanGraphs' version of WAR (fWAR), he led the major leagues with 3.4

Nearly two-thirds of reproductive-age women in China are exposed to second-hand tobacco smoke at home and over half are exposed in the workplace, which raises the risk of complications in pregnancy, including stillbirths and infant death

In recent years, with public awareness, smoking has become less prevalent because people are now aware of the natural health dangers