While politicians argue over walls, investors might want to focus on moats. That is the thinking behind VanEck Vectors Morningstar Wide Moat ETF (MOAT), a $1.83 billion exchange-traded fund with returns of 9.35% this year through January. The fund tracks the Morningstar Wide Moat Focus Index, which searches for long-term, sustainable competitive advantages that separate companies from peers (figuratively, “moats”), at attractive valuations.

Source: Wall Street Journal February 04, 2019 03:03 UTC