초록 ▼

A system, method and computer program product creates an index based on accounting based data, as well as a portfolio of financial objects based on the index where the portfolio is weighted according to accounting based data. A passive investment system may be based on indices created from various m

A system, method and computer program product creates an index based on accounting based data, as well as a portfolio of financial objects based on the index where the portfolio is weighted according to accounting based data. A passive investment system may be based on indices created from various metrics. The indexes may be built with metrics other than market capitalization weighting, price weighting or equal weighting. Non-financial metrics may also be used to build indexes to create passive investment systems. Additionally, a combination of financial non-market capitalization metrics may be used along with non-financial metrics to create passive investment systems. Once the index is built, it may be used as a basis to purchase securities for a portfolio. Specifically excluded are widely-used capitalization-weighted indexes and price-weighted indexes, in which the price of a security contributes in a substantial way to the calculation of the weight of that security in the index or the portfolio, and equal weighting weighted indexes. Valuation indifferent indexes avoid overexposure to overvalued securities and underexposure to undervalued securities, as compared with conventional capitalization-weighted and price-weighted.

대표청구항 ▼

What is claimed is: 1. A computer-implemented method for constructing data indicative of a financial object index, the method comprising: constructing, by at least one computer processor, data indicative of the financial object index comprising:selecting, by the at least one computer processor, data

What is claimed is: 1. A computer-implemented method for constructing data indicative of a financial object index, the method comprising: constructing, by at least one computer processor, data indicative of the financial object index comprising:selecting, by the at least one computer processor, data indicative of constituent financial objects of the financial object index based upon at least one accounting data rather than price of said financial objects, said at least one accounting data regarding at least one entity relating to each of said financial objects, the at least one entity comprising at least one of a region, a country, a company, or a sovereign associated with said each of said financial objects; andweighting, by the at least one computer processor, data indicative of said constituent financial objects based upon at least one accounting data rather than price of said financial objects, said at least one accounting data regarding the at least one entity, to obtain data indicative of constituent weightings for each of said constituent financial objects, andstoring, by the at least one computer processor, said data indicative of said constituent financial objects and said constituent weightings on at least one computer storage device,wherein each of said financial objects comprises at least one instrument,wherein each of said financial objects comprises at least one of:a bond;a fixed income debt instrument;a debt instrument;an emerging market debt instrument;a high yield debt instrument;a corporate debt instrument;an investment grade debt instrument;a debenture;a bank loan;a convertible bond;a senior debt;a subordinated debt;a term loan;a government debt instrument;a government bond;a corporate bond;a high yield bond;an emerging market bond;a municipal bond debt instrument;a treasury bond debt instrument;a treasury bill debt instrument;a mortgage based debt instrument;a securitized debt instrument;a security;a stock;a commodity;a futures contract;a mutual fund;a hedge fund;a fund of funds;an exchange traded fund (ETF);a derivative;a negative weighting on any asset;an asset account;a separate account;a pooled trust; ora limited partnership; and wherein said at least one accounting data comprises at least one of:at least one financial metric of the at least one entity associated with each of said constituent financial objects; orat least one metric, level, rate, or expenditure amount from information disclosures of the at least one entity.