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A key to the Morningstar® Wide Moat Focus IndexSM’s success is getting valuations right. Several companies proved excellent examples of this in January, helping the index start the year strong.
2018 proved to be a banner year for the Morningstar® Wide Moat Focus IndexSM, as Morningstar’s research process helped position the strategy away from what turned out to be trouble spots in Q4. The index’s December review resulted in new positioning for 2019.