“In business, I look for economic castles protected by unbreachable ‘Moats'.” Warren BuffettCompanies that have sustainable competitive advantages should be able to create a barrier (Moat) to prevent or lessen competition from other firms. The wider the Moat the greater the barrier and the...

This study investigates the performance of Dividend Exchange Traded Funds (ETFs) during both bull and bear markets. We compare their performance to a proxy for the U.S. market as measured by the S&P 500 ETF (IVV). Using data from Morningstar Direct we construct equally weighted portfolios of...