As a specialised ETF-provider VanEck manages its investment strategies in a rule-based manner, meaning that an ETF is not managed by a fund manager. However, André is a specialist for the four wide moat Ucits ETFs and is responsible for the Benelux and Nordic clients. This particular suite of products is fundamentally researched by a Morningstar analyst team. The universe consists of all wide moat companies for which the firm applies a valuation overlay before entering into the portfolio.