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Heading into the latest quarterly review of the Morningstar® Wide Moat Focus IndexTM, the index recovered and pulled ahead of the broad market thus far in September, following a difficult August.
Signs of recovery among semiconductor firms, which have been heavily impacted by U.S.-China trade tensions, drove performance for the Morningstar® Wide Moat Focus IndexTM in July.
The Morningstar® Wide Moat Focus IndexTM underwent its quarterly index review in June. Changes in Morningstar’s view of industries have recently led to more instances of a company exiting the index due to a moat rating downgrade.
May was challenging for the Morningstar® Wide Moat Focus IndexSM as key real estate and semiconductor stocks contributed to its underperformance of the broad U.S. equity markets. The Index now gears up for its quarterly review of valuations and moat ratings.
The Morningstar® Wide Moat Focus IndexSM bounced back in April following a lackluster March — thanks, in large part, to Facebook. Here we take a deeper dive into Facebook’s journeys in and out of the index.
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