What is moat in investing pharmaceuticals show what is moat in

Pharmaceuticals show what is moat in investing looks like when patents protect cash flows. Pfizer’s Q2 2024 vaccine franchise sales rose 15%, versus biotech’s 6% sector-wide average per Bloomberg data. Aflac has a strong moat due to its focus on supplemental insurance and a robust distribution network, thanks to partnerships with employers and brokers. The company has done a solid job navigating a challenging environment when interest rates were near historically low levels in the 2010s. This impacted its investment income but also put pressure on its fixed-benefit supplemental insurance and long-duration liabilities, where margins became more compressed. Companies with strong economic moats are typically more resilient during periods of market downturns. Their competitive advantages help them maintain profitability, even when the broader market faces challenges. For investors in the Bajaj Finserv Large and Mid Cap Fund, this translates to potentially lower risk during market fluctuations. These companies are less likely to experience drastic drops in value, providing a smoother investment experience over time. What is moat in investing? It’s about sustainable profits. Apple’s ecosystem moat is reflected in iPhone revenue growing 6% despite weak smartphone industry sales, helping AAPL outperform the Nasdaq 100 by 2.1% in May