In the third quarter, the Morningstar Wide Moat Focus Index modestly underperformed its benchmark, the Morningstar US Market Index, as the broad market continued to grind lower.

Contrary to investor perceptions, the US doesn’t hold a monopoly on late-stage venture capital, or “unicorn” companies. And, in fact, some of the largest unicorns currently reside in Asia, according to recent analysis based on the Morningstar PitchBook Global Unicorn Indexes.

As investors start to close the books on 2022 and turn the corner to 2023, Ron Bundy suggests three ways that index providers can help investors either stay on track or, in many cases, get back on track amid the “perfect storm.”