Financial instrument
OwnerMatthew Marcus, Mitchell Marcusinventors
Life of this patent
Estimating the term…
Abstract
In accordance with the principles of the present invention, a financial instrument and method is provided. At least two open-ended funds having settlement prices are identified. An index value is created relating to the settlement prices of the at least two open-ended funds. A weighting factor is assigned to the at least two open-ended funds. A components value is determined based on the settlement price and weighting factor. A fund manager futures index is derived based on the component values. A financial instrument is based on the fund manager index. In an additional embodiment, an exchange-traded fund is offered whose value substantially tracks the fund manager index value.
Claims19
A financial instruments comprising:
- at least two open-ended funds having settlement prices;
- a weighting factor assigned to the at least two open-ended funds;
- a components value based on the settlement price and weighting factor;
- a fund manager futures index based on the component values;
- and
- a financial instrument based on the fund manager index.
A financial method comprising:
- creating a fund manager futures index that tracks settlement prices of at least two open-ended funds;
- assigning a weighting factor to the at least two open-ended funds;
- determining components value based on the settlement price and weighting factor;
- calculating an index value based on the component values;
- and
- creating a financial instrument based on the fund manager index.
A method for providing a financial product comprising:
- receiving an index value relating to the settlement prices of at least two open-ended funds;
- assigning a weighting factor to each of the open-ended funds;
- purchasing each open-ended fund in a proportion substantially consistent with its weighting factor;
- and
- offering an exchange-traded fund whose value substantially tracks the fund manager index value.
Dependencies are inferred from the claim text.