NAV and IIV pricing for actively managed exchange traded funds

Details NAV and IIV pricing for actively managed exchange traded funds NAV and IIV pricing for actively managed exchange traded funds

2011-04-12

2011-04-12

Kalinowski, Alexander (Department: 3691)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S037000

Reexamination Certificate

active

07925562

ABSTRACT:
An ETF pricing mechanism for use in managed Exchange Traded Fund (ETF) or other collective investment vehicle (CIV) that retains the confidentiality of the vehicle's assets. The method of pricing may comprise: selecting a security price for each portfolio security, wherein each selected security price is associated with a time offset within a pricing interval, and wherein the time offsets are not identical for all of the selected security prices; generating a plurality of partial price components based on the selected security prices; determining a intra-day indicative value (IIV) of a CIV share in response to the plurality of partial price components; and, publishing the determined IIV.

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Richard J Curcio, Joanna M Lipka, & John H Thornton Jr. (2004). Cubes and the individual investor. Financial Services Review, 13(2), 123-138. From ABI/INFORM Global. (Document ID: 701474951).
Written Opinion mailed Nov. 5, 2008.

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