Author: VanEck

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

The Morningstar Global Wide Moat Focus Index has global exposure, unlike the Morningstar International Moat Index (MOTI).

Incredibly, the 2017 League of Legends World Championship attracted more viewers than the deciding games of the MLB World Series, the NBA Finals, and the NHL Stanley Cup that same year.

Twitch had a whopping 2.2 million broadcasters on a monthly basis and 15 million daily active users as of May this year.

At VanEck we are big fans of Morningstar’s Equity Research—not only because their analysis informs moat-oriented indices that underlie the moat mutual fund and ETFs that we offer globally.

L Brands Inc. (LB US, -14.13%) was the top detractor and worst performer in July. For several months now, L Brands has been a dog in the U.S. Moat Index.