Digital computer system and methods for managing a synthetic index fund
First Claim
1. A computer-aided method for implementing a synthetic investment fund, having at least two different kinds of shares, the method including the step of:
- forming the synthetic investment fund with a digital computer by entering data representing said at least two kinds of shares including an amount of an interest-bearing asset and an amount of a stock-related instrument, said amounts related by a mathematical relationship; and
balancing, for each respective said kind of share, the amount of the interest-bearing asset and the amount of the stock-related instrument to maintain the mathematical relationship in response to input market price data corresponding respectively to the interest-bearing asset and to the stock-related instrument;
calculating, for each respertive said kind of share, unit values for said shares in the fund in response to the input market price data;
inputting, for each respective said kind of share, trade data to facilitate investors trading the shares in the fund;
accounting, for each respective said kind of share, for the trading, for changes in the market price data for the interest-bearing asset, and for the amount of the stock-related instrument, and for transactions involving the interest-bearing asset and transactions involving the stock-related asset; and
generating, for each respective said kind of share, price data and holding data as output for reporting to said investors.
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Accused Products
Abstract
A computer-aided method for implementing at least one synthetic stock investment fund. The method includes providing a digital electrical computer apparatus including a digital computer having a processor, the processor electrically connected to a memory device for storing and retrieving machine-readable signals, to an input device for converting information into input electrical data, and to an output device for converting output electrical data into print, the processor programmed to control the apparatus to receive the input data and to produce the output data by steps including: forming a synthetic index investment fund owned by an entity, the synthetic index investment fund forming including entering data representing an amount of an interest-bearing asset and entering data representing an amount of a stock-related instrument defined by a mathematical relationship to the interest-bearing asset; and balancing the amount of the interest-bearing asset and the amount of the stock-related instrument to maintain the mathematical relationship in response to input market price data corresponding to at least one member of the group consisting of the interest-bearing asset and the stock-related instrument; calculating respective unit values for shares in the fund in response to the input market price data; inputting trade data to facilitate trading shares in the fund; accounting for the trading, for changes in the market price data for the interest-bearing asset, and for the amount of the stock-related instrument, and for transactions involving the interest-bearing asset and transactions involving the stock-related asset; and generating share price data and holding data as the output for investor reporting.
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Citations
38 Claims
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1. A computer-aided method for implementing a synthetic investment fund, having at least two different kinds of shares, the method including the step of:
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forming the synthetic investment fund with a digital computer by entering data representing said at least two kinds of shares including an amount of an interest-bearing asset and an amount of a stock-related instrument, said amounts related by a mathematical relationship; and
balancing, for each respective said kind of share, the amount of the interest-bearing asset and the amount of the stock-related instrument to maintain the mathematical relationship in response to input market price data corresponding respectively to the interest-bearing asset and to the stock-related instrument;
calculating, for each respertive said kind of share, unit values for said shares in the fund in response to the input market price data;
inputting, for each respective said kind of share, trade data to facilitate investors trading the shares in the fund;
accounting, for each respective said kind of share, for the trading, for changes in the market price data for the interest-bearing asset, and for the amount of the stock-related instrument, and for transactions involving the interest-bearing asset and transactions involving the stock-related asset; and
generating, for each respective said kind of share, price data and holding data as output for reporting to said investors. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27)
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28. A computer-aided method for implementing at least one synthetic stock investment fund, the method including the steps of:
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providing a digital electrical computer apparatus including a digital computer having a processor, the processor electrically connected to a memory device for storing and retrieving machine-readable signals, to an input device for converting information into input electrical data, and to an output device for converting output electrical data into print, the processor the processor operating a program controlling the apparatus in implementing at least one synthetic stock investment fund by steps including;
forming a synthetic stock investment fund, the synthetic stock fund forming carried out by steps including data including at least two kinds of interests and, for each of the respective kinds of interests, at least one from a group consisting of an amount of a stock-related asset, an amount of an interest-bearing asset and a mathematical relationship;
inputting market price data corresponding to at least one from the group consisting of the stock-related asset and the interest-bearing asset;
calculating values for each kind of interest in the fund in response to the input market data;
in putting trade data;
accounting for the trading, for changes in the market price data for at least one from the group consisting of the stock-related asset and the interest-bearing asset, and for transactions involving at least one from the group consisting of the stock-related asset and the interest-bearing asset; and
generating interest price data and holding data as the output for investor reporting. - View Dependent Claims (29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
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Specification