FDA Commissioner Scott Gottlieb once quipped that cigarettes were the “only legal consumer product that, when used as intended, will kill half of all long-term users.”
What may come as a surprise to many Americans, though, is that roughly half of the 80,000 to 100,000 children worldwide who take up smoking every day live in Asia. The region is now the world’s largest tobacco market. Global smoking deaths are expected to total 1 billion over the course of this century, up from 100 million during the 20th century—the large majority of these deaths in developing countries.1
WHO tobacco advisor Michael Daube has described tobacco's expansion in these poor nations as nothing short of a "tobacco holocaust."
Listen as Eventide CEO Robin John explains why we screen for tobacco use in our products and how many investors may be unknowingly investing in companies that perpetuate this harmful epidemic.
Reference
1. https://ourworldindata.org/grapher/number-of-deaths-from-tobacco-smoking
This communication is provided for informational purposes only and expresses views of Eventide Asset Management, LLC ("Eventide"), an investment adviser. There is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses. Eventide's values-based approach to investing may not produce desired results and could result in underperformance compared with other investments. Any reference to Eventide’s Business 360 approach is provided for illustrative purposes only and indicates a general framework of guiding principles that inform Eventide’s overall research process. Investing involves risk including the possible loss of principal. Past performance does not guarantee future results.
Before investing or sending money, an investor should carefully review investment objectives, risks, charges and expenses as provided in prospectuses and other information available at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Eventide Asset Management, LLC serves as investment adviser to the Eventide mutual funds distributed through Northern Lights Distributors, LLC (“NLD”), member FINRA/SIPC. NLD and Eventide are not affiliated entities.
4947-NLD-9/8/2020
Topic(s): Philosophy, video
Robin John is co-founder and Chief Executive Officer of Eventide.
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