Bringing you live news and features since 2006 

Van Eck launches US Wide Moat UCITS ETF

RELATED TOPICS​

Van Eck Global Investments has launched the Market Vectors Morningstar US Wide Moat UCITS ETF, the first ETF in Europe to provide exposure to ‘wide moat’ companies, as defined by research firm Morningstar, Inc. 

The ETF is listed on the LSE and tracks the equally weighted Morningstar Wide Moat Focus Index based on Morningstar’s proprietary economic moat rating and valuation research, inspired by Warren Buffet’s famous requirement for an attractive company to be effectively a large castle with a wide moat. The MOAT ETF allows exposure to the 20 most attractively priced US high-quality companies with a wide Economic Moat rating.
 
Since its inception in 2007, the index has outperformed the US equity market with a cumulative performance of 122.45 per cent while that of the S&P 500 Index was 68.09 per cent. 
 
Lars Hamich, chief executive officer with Van Eck Global (Europe) explains that the firm is bringing to Europe one of its most popular funds from the US, in the same manner as it did with its gold ETF. The US version of the Moat ETF has close to USD1 billion. 
 
Hamich says: „While US equity is mainstream, the ETF is not. The ETF-underlying is a specialised index covering only companies that have a structural competitive advantage over a long period of time. This is a unique ETF.”
  
Alex Morozov, director of European Equity Research at Morningstar says, of the moat methodology: “It’s not just a case of investment in high quality companies but also of layering a valuation on top which does get high performance.”
 
 
 
 
 
 

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..
As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by