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  • Moat Investing

    June 15, 2021

    Strong Showing by Recent Moat Stock Picks: Northrop, Google

    by Brandon Rakszawski, Senior ETF Product Manager

    With the next quarterly review coming up for the Morningstar Wide Moat Focus Index, here's a look at the leaders and laggards from the last review.

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    Moat Investing

    May 12, 2021

    Delegate the Work of Valuation

    by Jan van Eck, Chief Executive Officer

    Valuation is a major part of an investor's decision to buy or sell an investment. Why not let a fund do this work for you?

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    Moat Investing

    April 29, 2021

    Switching Costs Build Moats and Retain Customers

    by Brandon Rakszawski, Senior ETF Product Manager

    Powerful moats can be built on switching costs, which lock customers into a company's unique ecosystem and make it expensive to move.

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    Moat Investing

    April 29, 2021

    Intangible Assets: The Leading Source of Moats

    by Brandon Rakszawski, Senior ETF Product Manager

    Although not always easy to quantify, intangible assets are one of the primary sources of strong competitive advantages for businesses and a key source of economic moats.

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    Moat Investing

    April 29, 2021

    Network Effect: A Proven Way to Create a Moat

    by Brandon Rakszawski, Senior ETF Product Manager

    When a network effect is in play, each additional customer increases the product's or service's value, and this may help a company grow its advantage over competitors.

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    Moat Investing

    April 29, 2021

    Cost Leadership Provides Market Control

    by Brandon Rakszawski, Senior ETF Product Manager

    Cost leaders often exert significant control over market prices, which may give them an advantage over competitors, though it is one of the most difficult competitive advantages to maintain.

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    Moat Investing

    April 29, 2021

    Efficient Scale: Moats with Natural Monopoly

    by Brandon Rakszawski, Senior ETF Product Manager

    Companies that benefit from efficient scale operate in a market that may only support one or a few competitors, which limits competitive pressures.

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    Moat Investing

    April 27, 2021

    Moat Stock Selection Drowns Out Factors

    by Brandon Rakszawski, Senior ETF Product Manager

    The Morningstar Wide Moat Focus Index has faced modest headwinds from factor risk exposure since its inception, but favorable stock selection remains the dominant driver of relative outperformance versus the broad U.S. equity market.

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    Moat Investing

    April 06, 2021

    Moat Index Delivers Strong Q1 Off Value Moves

    by Brandon Rakszawski, Senior ETF Product Manager

    The Morningstar® Wide Moat Focus IndexSM(the “Moat Index” or “Index”) completed its quarterly review on March 22, 2021. This review was awfully different than its review one year ago.

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    Moat Investing

    March 08, 2021

    Banking on Banks Paid Off for Moat Index

    by Brandon Rakszawski, Senior ETF Product Manager

    The Morningstar Wide Moat Focus Index’s increase in exposure to large banks and brokerages in March 2020 has paid off. They comprised four of the top five contributors to performance last month.

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