NAV and IIV pricing for actively managed exchange traded funds

US7925562B2 · kind B2 · utility

Assignee

• Diz Ventures · US

Inventors

• Paul Edward Kuhnle · Doylestown, US
• George Tedesche Simon · Robinson Township, US
• John Stuart Thomas · Morristown, US
• Mark Steven Criscitello · Colts Neck Township, US
• Daniel Joseph McCabe · Upper Saddle River, US

Key dates

• Filing date: Aug 14, 2007
• Grant date: Apr 12, 2011
• Expiry date: Mar 14, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

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.