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Morningstar’s equity research team has demonstrated a strong track record in identifying the implications of Economic Moats when forecasting the long-run cash flows of businesses, leading to better investor experiences. 20 Wide-Moat companies constitute the Morningstar® Wide Moat Focus Index™, which has produced an annualised returned of over 16% since 2002. Morningstar has 100 equity analysts covering companies of interest to investors around the world. The team covers more approx 1,500 stocks globally. If you have any questions about Morningstar and the Morningstar Economic Moat framework please do get in contact.