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Convertible Unit Investment Trust To Index Exchange-Traded Fund
Convertible Unit Investment Trust To Index Exchange-Traded Fund
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机译:可转换单位投资信托至指数交易所买卖基金
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摘要
A computer-implemented method for providing an exchange traded fund comprising the steps of: providing a unit investment trust including a plurality of ownership units, wherein the unit investment trust includes a portfolio of securities composed in accordance with an index; distributing the ownership units of the unit investment trust to one or more investors; providing an exchange traded fund including a plurality of ownership shares; upon the occurrence of a conversion event, tendering the portfolio of securities to the exchange traded fund in return for an in-kind distribution of the plurality of ownership shares; and distributing the plurality of ownership shares to the one or more investors according to a predetermined ratio of ownership units to ownership shares.
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