In 2012, Van Eck Global launched a new exchange-traded fund designed to take advantage of companies with sustainable competitive advantages. The Market Vectors Morningstar Wide Moat ETF (Market Vectors ETF Trust (NYSE: MOAT)) invests in a concentrated basket of just 20 stocks with distinct products or services as identified by Morningstar’s research team.
The term "moat" was used to denote the company’s impenetrable grasp on a specific market segment or unique business objective.
Flash forward three years, and MOAT has been a solid success story, having amassed nearly $900 million in total assets. To expand on this theme, Van Eck just recently launched the Market Vectors ...
/www.benzinga.com/analyst-ratings/analyst-color/15/07/5677548/van-eck-launches-new-international-moat-etf alt=Van Eck Launches New International Moat ETF>Full story available on Benzinga.com
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