The popular Market Vectors Wide Moat ETF (NYSEArca: MOAT) got an international equivalent today with the debut of the Market Vectors Morningstar International Moat ETF (NYSEArca: MOTI).

MOTI tracks the Global ex-US Moat Focus Index (MGEUMFUN), “a rules-based, equal-weighted index intended to offer exposure to 50 attractively priced companies outside the U.S. with sustainable competitive advantages according to Morningstar’s equity research team,” according to Market Vectors.

Like its U.S.-focused counterpart, MOTI uses Morningstar’s proprietary methodology to identify companies with long-term, advantages, which allows companies to earn sustainable excess economic profits, as measured by the return on invested capital relative to the company’s cost of capital. [Wide Moat ETF Delivers Big Performance, Growth]

The new ETF features exposure to 16 countries, including four emerging markets. However, MOTI geographic lineup is heavily tilted toward developed markets. India, China, Mexico and Chile – MOTI’s four emerging markets exposures – combine for just over a quarter of the new ETF’s weight. Conversely, Australia alone is 21.1% of MOTI’s weight.

Home to 51 stocks, MOTI’s lineup is roughly two and a half times the size of MOAT’s. However, MOTI applies the same equal-weight methodology. MOAT’s 21 holdings have weights ranging from 4.64% to 6% whereas MOTI’s holdings range in size from 1.15% to 2.32%. Four of MOTI’s top 10 holdings are Indian stocks, making the country the most represented among MOTI’s top 10 lineup. [Morningstar ‘Wide Moat’ ETF Covers Firms with a Competitive Edge]

MOAT resonated with investors and with much of the world’s investable opportunities outside the United States, we’re launching MOTI as a means to capture moat-based opportunities abroad,” said Brandon Rakszawski, product manager at Van Eck Global, in a statement. “Morningstar is a leader in equity research and we look forward to offering investors the ability to access its analysts’ best ideas through an investible ETF.”