VanEck Morningstar ESG Moat ETF (MOTE)
VanEck Morningstar ESG Moat ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $28.78, up 0.00% on the session, giving a market capitalisation of $15.9M. Its beta of 1.03 implies it has historically moved more than the broad market.
The fund is designed to typically allocate a minimum of 80% of its overall investments to the equities found within its reference index. This benchmark, the US Sustainability Moat Focus Index, aims to pinpoint undervalued companies that exhibit strong, lasting competitive advantages (often known as "economic moats"), while simultaneously excluding businesses with considerable environmental, social, or governance (ESG) issues. It's important to note that this fund operates as a non-diversified investment.
VanEck Morningstar ESG Moat ETF is most often compared with the following Financial Services names: