Market Vectors Wide Moat ETF distributed no capital gains in 2013- the second consecutive tax year since the Fund's inception without a capital gains distribution-and has surpassed $500 million in assets under management, it was announced. According to a release, MOAT seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar Wide Moat Focus Index. Brandon Rakszawski , Product Manager for Market Vectors ETFs, noted Morningstar's unique index approach as an attractive feature to investors. "MOAT's underlying index provides investors access to Morningstar's proprietary economic moat and valuation research," he said. "The ETF structure is well-suited for this highly dynamic and concentrated index methodology and despite turnover of four to nine stocks out of 20 total holdings at each quarterly rebalance, MOAT distributed no capital gains in 2013." The Fund surpassed $500 million in assets in early December 2013 , a year and a half after its launch in April 2012 . "We have seen continued interest in the Fund, much of which can be attributed to the appeal of Morningstar's equity research process," added Rakszawski. Morningstar's wide-moat analysis, which the Index is based on, seeks to identify companies that possess one or more sustainable competitive advantages. Morningstar's proprietary valuation process then identifies the 20 most attractively priced wide-moat companies at the time of each quarterly rebalance. MOAT is one of 36 Market Vectors equity ETFs to pay no capital gains in 2013. In addition to MOAT's broad-based U.S. equity focus, Market Vectors equity ETFs offer exposure to hard assets, country- and region-specific, and industry-specific market segments. Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. The Morningstar Wide Moat Focus Index was created and is maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the Market Vectors Morningstar Wide Moat Research ETF and bears no liability with respect to that ETF or any security. Morningstar is a registered trademark of Morningstar, Inc. Morningstar Wide Moat Focus IndexSM is a service mark of Morningstar, Inc. More Information: http://www.marketvectorsetfs.com ((Comments on this story may be sent to firstname.lastname@example.org ))
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