Open end mutual fund securitization process

A method comprising the steps of:

• creating an open ended mutual fund having a class of shares and a portfolio comprising of securities satisfying a predetermined criteria;
• identifying a revised set of securities satisfying the predetermined criteria;
• changing the securities comprising the portfolio in response to the identifying of the revised set of securities;
• determining in real time the price of the financial product based on a user-defined method of weighting the securities comprising the portfolio.

A method comprising the steps of:

• creating an open ended mutual fund having a plurality of shares and comprising of a selected portfolio of securities;
• trading the shares on a securities exchange,
• determining a price of the mutual fund in real time based on information about the portfolio and a user-defined method of weighting;
• providing an indication of the in real time determined price of the mutual fund;
• designating a revised portfolio of securities;
• and,
• changing the securities comprising the mutual find in response to designating a revised portfolio of securities.

An electronic data processing method for calculating the estimated price of a real time open end financial product comprising the steps of:

• identifying a group of securities;
• retrieving data representative of a group of securities and the current estimated price of each security;
• storing the value of the securities in a portfolio within a computer;
• allocating said portfolio value to a fixed number of shares over a predetermined period of time comprised by a real time open ended financial product;
• recalculating the portfolio value in response to changes in the market value of the portfolio value;
• recalculating the estimated net asset value of the real time open end financial product in response to the change in the portfolio value;
• outputting an indication of the in real time determined estimated net asset value of the real time open end financial product.