Crossfund.TM. investment process
US6073116A · kind A · utility
Inventor
Key dates
| Filing date | Mar 7, 1997 |
| Grant date | Jun 6, 2000 |
| Priority date | — |
| Expiry date | Mar 7, 2017 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A process for investing in a mutual fund in an overseas portfolio without incurring an initial currency cost. The process is recorded by an exchange of rights to profit or loss of a domestic portfolio of securities with an exchange of rights to profit or loss of a overseas portfolio of securities. Time is a factor in the overseas ownership, and the process requires a fixed period, for example, ten years, for the rights exchange. When the rights exchange is reversed at a preset date in the future, the exchange allows the investor to return to the domestic securities portfolio. The return is done after computing the value of each domestic securities portfolio and the current market rate for currency exchange. The process allows the reversal to be done at the differential. Once the reversal is complete, the mutual fund is managed as a standard domestic mutual fund for the investor by the manager.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.