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Digital computer system and methods for managing a synthetic index fund

  • US 7,062,459 B1
  • Filed: 03/29/1999
  • Issued: 06/13/2006
  • Est. Priority Date: 03/29/1999
  • Status: Expired due to Term
First Claim
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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:

  • 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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