Executing a Leveraged Long/Short Strategy for an ETF
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Jun 21, 2012
app pub date -
Jun 20, 2011
filing date -
Jun 20, 2010
priority date (Note) -
Published
status (Latency Note)
Importance
Abstract
An ETF uses a leveraged long/short strategy that involves buying fully funded equities that are expected to overperform in the market, selling short equities that are expected to underperform, and buying additional equities that are expected to overperform using proceeds generated from the short sales. This is achieved for an ETF by creating and redeeming ETF shares, wherein the ETF fund manager specifies in a portfolio composition file which equities to buy and which equities to sell short. To create shares of the ETF, an authorized participant transfers these specified positions to the fund manager “in kind” in exchange for ETF shares. To redeem shares of the ETF, the authorized participant transfers the shares back to the fund manager and in return receives these specified positions in-kind from the fund manager. This avoids the need for the ETF fund manager to initiate the short sale.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully