The VanEck Morningstar International Moat ETF (MOTI) was launched on 07/13/2015, and is a smart beta exchange traded fund designed to offer broad exposure to the Foreign Large Value ETF category of the market.What Are Smart Beta ETFs?The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.Investors who believe in market efficiency should consider market cap indexes, as they r ...