How a Moat Stock Gets Its Economic Moat

The success of the Morningstar Wide Moat Focus Index has long been driven by stock selection, which again proved to be the case in the first quarter of 2022.

With the U.S. equity markets trading at a 5% premium to fair value based on Morningstar research, Morningstar believes opportunities exist in wide moat, value and small-cap stocks.

Following its latest quarterly review, the Morningstar Wide Moat Focus Index has its lowest health care exposure since 2015 and has increased its exposure to both value and growth.

Valuation is a major part of an investor's decision to buy or sell an investment. Why not let a fund do this work for you?