Q3 total return 1.77%... Wide Moat Focus Index underperforms market index in September
Original headline3분기 총수익률 1.77%…와이드 모트 포커스 지수, 9월 시장지수 하회
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The Morningstar Wide Moat Focus Index returned 1.77% on a total-return basis in the third quarter of 2026, trailing the 1.69% gain in the Morningstar US Market Index benchmark. Morningstar's October 23 analysis showed the wide-moat index outperformed the benchmark by 7.83 percentage points from July 1 through August 31 before lagging it by 6.99 percentage points in September. The swing reflected the index's underweight to AI-related stocks, which helped in July and August but hurt relative performance once AI investment momentum strengthened in September. The Morningstar North America Semiconductors Index fell 11.9% over July and August, underscoring the sector volatility behind the reversal. Investors will watch whether AI leadership persists into the fourth quarter and whether the wide-moat index's quality tilt can recover relative ground.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Morningstar Wide Moat Focus Index, Morningstar US Market Index, Morningstar, Morningstar North America Semiconductors Index