VanEck has announced they will be expanding on their moat investing ETF suite with the launch of the VanEck Morningstar SMID Moat ETF (SMOT). SMOT is available for trade on the CBOE looking to follow the Morningstar US Small-Mid Cap Moat Focus Index that tracks 75 small and mid-cap companies trading moats with positive valuations. The product manager at VanEck stated, “SMID-cap stocks are an attractive segment of the U.S. equity market, as they’ve historically provided greater return potential than large caps. We’re currently seeing SMID-cap valuations at a 20-year low, relative to their large-cap counterparts, offering investors a timely and attractive entry point..”
ETF Newz Says: SMOT’s launch adds to the existing moat ETFs, MOAT, MOTI, MOTG, and MOTE.