Wide Moat, 5 Star

There are 60 companies worldwide on our 5-star list and Alibaba and Tencent are among the five to also have wide economic moats. These companies have the dual advantage of being signidicantly undervalued but with strong competitive advtanges. The other three are brewer Anheuser-Busch (ABI) and UK-listed tobacco firms Imperial Brands (IMB ) and British American Tobacco (BATS ). In contrast, the majority of the 5-star firms under Morningstar coverage have no economic moat, while 22 have a narrow economic moat.