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Where the Moats Are

These sectors are home to the greatest number of narrow- and wide-moat companies.

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We recently examined our equity coverage to see which sectors have the greatest concentrations of companies with wide and narrow moats.

I often talk about moats in this column, so forgive me if I sound like a broken record. For those of you who aren't familiar, the idea of an economic moat refers to how likely a company is to keep competitors at bay for an extended period.

Karen Wallace does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.