Market Vectors ETFs has launched a new fund, the Market Vectors Morningstar Wide Moat Research ETF (NYSE Arca: MOAT), which follows a Morningstar index designed to track companies that have distinct competitive advantages, called moats, for more than 20-years.

“We believe that competitive advantages, ‘economic moats,’ add intrinsic value, and we rigorously assess the competitive position of the companies we cover,” said Paul Larsen, chief equities strategist at Morningstar during a Wednesday morning conference call presenting the new fund.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.