VanEck lists new Global Wide Moat ETF on London Stock Exchange
Asset manager VanEck has listed the VanEck Vector Morningstar Global Wide Moat UCITS ETF (GOAT) on the London Stock Exchange. The launch adds a new equity ETF to VanEck's product portfolio.
With the VanEck Vectors Morningstar Global Wide Moat UCITS ETF (GOAT), investors can make targeted investments in global companies with a long-term competitive advantage over their peers. "Investors get access to an intelligent investment strategy in a cost-effective and transparent ETF solution," says Martijn Rozemuller, Head of Europe at VanEck.
"For the Moat strategy, we exclusively use the Morningstar Global Wide Moat Focus IndexSM," says Rozemuller. "This index provides exposure to companies which Morningstar believes will be able to differentiate themselves and their market shares from their competitors with a ‘'wide economic moat rating’.”
These "moats" may include cost leadership, efficient scale, network effects, high switching costs and intangible assets. A Fair Value Estimate is also a determining factor for inclusion in the index.
"With its smart beta strategy, our new Global Wide Moat ETF (GOAT) offers an attractive alternative to the global equity benchmark MSCI World. Morningstar® Global Wide Moat Focus IndexSM has outperformed the MSCI World Index by 3.97 percentage points since its launch on 23 April 2018," says Rozemuller.
The ETF contains US stocks and equities from regions such as Europe, Japan, China and Australia. It is a global variant of the VanEck Vectors Morningstar US Wide Moat UCITS ETF (MOAT) launched by VanEck in 2015, which uses the same Moat concept but focuses exclusively on US companies.