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Stock impact report

VanEck Launches Value- and Growth-Oriented Versions of Their Popular Wide Moat Equity Strategy [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
NEW YORK, March 28, 2024 BUSINESS WIRE VanEck today added two new ETFs to its "moat"-focused ETF lineup: the VanEck Morningstar Wide Moat Value ETF (MVAL) and the VanEck Morningstar Wide Moat Growth ETF (MGRO) "Investors and advisors have embraced the moat-focused approach to identifying quality companies trading at attractive valuations, and today we're excited to extend that approach with the launch of MVAL and MGRO. These moat-focused ETFs allow investors to fine-tune their portfolios toward distinct style exposures, while maintaining a focus on valuations," said Brandon Rakszawski, Director of Product Management with VanEck. Both ETFs track indexes powered by Morningstar's equity research team, which researches and assigns an economic moat rating to companies based on their ability to fend off competition and maintain profitability into the future. To reach "wide moat" status, Morningstar must expect a company to maintain its competitive advantages for at least 20 years. Addi Show less Read more
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