The VanEck Morningstar Wide Moat ETF is experiencing downward pressure due to several factors impacting its underlying assets. Notably, ASML Holding, a key component, is facing a sell-off driven by trade restrictions with China and a reduction in its 2025 guidance. Despite ASML's strong position in the semiconductor supply chain, these developments have led to a negative market sentiment. Additionally, Amgen, another significant holding, is underperforming due to a weakening pipeline and healthcare policy uncertainties, which have led analysts to predict further declines. These issues are compounded by a broader market focus on U.S. inflation data, which is contributing to overall market volatility.
The VanEck Morningstar Wide Moat ETF (MOAT) is down 0.47% in pre-market hours on Wednesday, November 27, falling to $98.08 as of 6:23 AM ET.