3 Additions to the Wide Moat Focus Index
We take an in-depth look at the new constituents of Morningstar's index of competitively advantaged firms trading at favorable prices.
In September, three new stocks made their way into the Morningstar Wide Moat Focus Index.
There are only two qualifications for inclusion in the Wide Moat Focus strategy: Companies must have an economic moat rating of wide (meaning we think they have advantages that will fend off competitors for at least 20 years), and their shares must be among those trading at the steepest discount to their fair value estimates in our coverage universe. (Our fair value estimates are determined through independent research by the Morningstar Equity Research team.)
Karen Wallace does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.