According to Morningstar data, the underlying Morningstar Wide Moat Focus Index, which is a rules-based equal-weighted index that tracks 20 of the most attractively priced companies with sustainable advantages, has historically outperformed the S&P 500, generating 15.3% from September 2002 through March 31, 2012, compared to 8.1% in the S&P 500.
Advisors or investors interested in a more in-depth analysis of the fund may want to listen in on the webcast “Why Moats Matter: Companies with Competitive Advantages.”
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Max Chen contributed to this article.