Method and computer program for evaluating mutual fund portfolios
First Claim
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1. A computer program stored on a computer-readable memory device for directing a computer for evaluating a plurality of investment portfolios each including a plurality of securities, said computer program comprising:
- access means for accessing a first investment portfolio data record including the investment attributes of a first investment portfolio and for accessing a second investment portfolio data record including the investment attributes of a second investment portfolio; and
evaluating means for evaluating said first and second investment portfolios, said evaluating means including investment attribute comparing means for comparing the investment attributes of said first investment portfolio with the investment attributes of said second investment portfolio for identifying matching investment attributes that are common to both of said first and second investment portfolios.
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Abstract
A computer-readable storage device for storing computer programs for operating a computer is disclosed. The computer-readable storage device includes a computer program stored thereon which directs or operates a computer for evaluating and comparing investment portfolios. The computer program analyzes one or more investment portfolios and determines the extent of diversity or lack of diversity among several investment portfolios each including several securities.
249 Citations
14 Claims
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1. A computer program stored on a computer-readable memory device for directing a computer for evaluating a plurality of investment portfolios each including a plurality of securities, said computer program comprising:
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access means for accessing a first investment portfolio data record including the investment attributes of a first investment portfolio and for accessing a second investment portfolio data record including the investment attributes of a second investment portfolio; and evaluating means for evaluating said first and second investment portfolios, said evaluating means including investment attribute comparing means for comparing the investment attributes of said first investment portfolio with the investment attributes of said second investment portfolio for identifying matching investment attributes that are common to both of said first and second investment portfolios. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer program stored on a computer-readable memory device including a computer program for directing a computer for evaluating a plurality of investment portfolios each including a plurality of securities, said computer program comprising:
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a first investment portfolio data record including a list of the securities in a first investment portfolio and an asset percentage for each of said first investment portfolio securities indicating the percentage that each of said first investment portfolio securities forms of the total assets of said first investment portfolio; a second investment portfolio data record including a list of the securities in a second investment portfolio and an asset percentage for each of said second investment portfolio securities indicating the percentage that each of said second investment portfolio securities forms of the total assets of said second investment portfolio; and diversity determining means for determining the extent of diversity between said first and second investment portfolios, said diversity determining means including-comparing means for comparing said first investment portfolio data record with said second investment portfolio data record for identifying matching pairs of securities that are in both of said first and second investment portfolios, comparing means for comparing the percentages that the securities in said matching pairs of securities forms of their respective investment portfolios and for determining the lower of said percentages for each matching pair of securities, and aggregating means for aggregating said lower percentages for each of said matching pairs of securities for determining the lack of diversity between said first and second investment portfolios.
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Specification