PARTICIPANT CONTROLLED MUTUAL FUND

摘要

A participant controlled mutual fund is directed by participants who make the investing decisions through an intricate nominating and voting process over the Internet. Participants use devices (3) and through network (4) access the fund system (2) in order to vote on which investment tool the fund or security that the mutual fund should acquire and which of the mutual fund's holdings should be sold. The system (2) then generates a market order by contacting financial advisers (5) in order to complete the purchase or sale in agreement with applicable laws. The voting process is flexible in that it adjusts to the changing positions in the financial markets thereby allowing the mutual fund to quickly take advantage of good opportunities while preventing hast decisions in volatile markets.