VanEck is marking the fifth anniversary of the launch of its VanEck Vectors Morningstar Wide Moat ETF (MOAT) with the news that it recently passed $1B usd in assets

MOAT’s underlying index is provided by Morningstar, where a team of equity analysts uses a proprietary research process to determine whether a company has an economic “moat,” i.e. a significant sustainable competitive advantage, and then further narrows down the list of potential index constituents to include only those “wide moat” companies with attractive valuations.