Invention Grant
- Patent Title: Method for implementing an investment company that issues a class of conventional shares and a class of exchange-traded shares in the same fund
- Patent Title (中): 执行在同一基金中发行一类常规股和一类交易所买卖股份的投资公司的方法
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Application No.: US13857473Application Date: 2013-04-05
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Publication No.: US08626636B2Publication Date: 2014-01-07
- Inventor: George U. Sauter , Walter Lenhard
- Applicant: The Vanguard Group, Inc.
- Applicant Address: US PA Malvern
- Assignee: The Vanguard Group, Inc.
- Current Assignee: The Vanguard Group, Inc.
- Current Assignee Address: US PA Malvern
- Agency: Panitch Schwarze Belisario & Nadel LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
A method is provided for administering a single investment company that issues one or more classes of shares that are bought from and redeemed with the single investment company at a net asset value and issues one or more classes of shares that are listed for trading on a securities exchange and that are bought and sold at negotiated market prices. One or more computers maintain account data of the outstanding shares. An owner of any share of any share class has an undivided interest in the single investment company.
Public/Granted literature
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