Patent ID: 7599873
Filing Date: 2009-10-06
Classification: G06Q

Abstract:
1. A computer-implemented method of providing investment in a number of pre-existing exchange traded funds (ETFs) through a single ETF, comprising the steps of: a) providing an automatically-managed primary exchange traded fund (PETF) having a plurality of PETF shares that are traded intraday, wherein the PETF has an intraday net asset value (NAV), and consists of shares of a plurality of pre-existing ETFs that are designated as secondary exchange traded funds (SETF), each SETF having a NAV that is determined intraday, and each SETF having a plurality of SETF shares that can be traded intraday; b) automatically selecting, according to preset rules, the SETFs in the PETF based on a defined category or pre-existing ETFs; c) using a programmed computer to make intraday purchases and sales of shares of the selected SETFs; d) using a programmed computer to calculate a real-time intraday NAV of the PETF the calculation made according to a formula that is based on the real-time intraday NAVs of all of the selected SETFs; and e) selling PETF shares intraday at the calculated real-time NAV of the PETF.