An economic moat is an advantage that makes it more difficult for a business' rivals to compete. While economic moats can stem from financial differentiators such as having lower operating costs ...

When we launched the Morningstar® Wide Moat Focus Index℠ in October 2007, we were not anticipating the boom in smart-beta ETFs, factor investing, or rules-based passive indexes. We were simply ...

The Morningstar Wide Moat Focus Index tracks companies that earn Morningstar Economic Moat Ratings of wide and whose stocks are trading at the lowest current market prices relative to our fair ...