JP2004259156A - Stock investment trust management system, stock investment trust management method, and program - Google Patents

Abstract

[Problem] To present investors a stock index that can be used as a new index for grasping the movement of stocks for stockholders, and build a portfolio linked to this index to target stocks of stocks with stockholders. Provided is a stock investment trust management system and a stock investment trust management method capable of realizing fund management.
SOLUTION: A shareholder preferential ratio, which indicates a profit margin by shareholder preferential treatment, is calculated using a preferential product market capitalization. A shareholder preferential issue index calculating means 27 uses the shareholder preferential ratio to calculate a market capitalization or a market value of a stock using a weighted average. Then, a shareholder preferential issue index is calculated, and a portfolio linked to the shareholder preferential issue index is constructed and maintained by the portfolio calculating means 28 and the trade information creating means 29.
[Selection] Fig. 2

Description

【００６４】
具体的には、例えば、表１に示すように、上位５銘柄を対象として株主優待銘柄インデックスを算出する場合には、レシオ比を用いて加重平均を行うと、１００億円×０．３３＋１０億円×０．２７＋５０億円×０．２０＋３０億円×０．１３＋７０億円×０．０７＝５４．５億円となるので、これを１０００万円で割るとすると、株主優待銘柄インデックス＝５４５となる。なお、５４．５億という数値をそのままインデックスの値としてもよいが、桁数が大きすぎるので、適当な数で割ることが好ましい。
【００６５】
ここで、レシオ比とは、各株主優待レシオ（表１の例では、上位５銘柄のレシオ）の総計が１となるように、各株主優待レシオの比率を定めたものであり、例えば、表１の例では、上位５銘柄のレシオの総計が０．０１５となるので、Ａ社のレシオ比は、０．００５÷０．０１５＝０．３３となる。Ｂ社〜Ｅ社についても同様である。
【００６６】
また、上記の例では、５４．５億円を１０００万円で割ってインデックスとしているが、この１０００万円という数値（割る数）は、これに限定されるものではなく、割られる数（上記の例では、５４．５億円）の桁数等に応じ、適当な数を用いればよい。従って、割る数は、インデックス設定時またはファンド創設時に決定し、以降、決定した数値を固定値として用いればよい。
【００６７】
さらに、除算後の数値が、１０００、１００００等、切れのよい数値になるように設定し、これをファンドの基準価格としてもよく、例えば、インデックス設定時またはファンド創設時における各銘柄の株式の時価総額の株主優待レシオ加重平均値が、５０億円であった場合には、この５０億円を５０万円で割り、このときのインデックスの値を１００００とし、以降、この１００００という数値を基準として株主優待銘柄の動きを把握してもよい。従って、加重平均値が５４．５億円のときには、インデックス＝１０９００となる。
【００６８】
あるいは、所定時における各銘柄の株式の時価総額の株主優待レシオ加重平均値との比を、株主優待銘柄インデックスとしてもよい。例えば、インデックス設定時またはファンド創設時における各銘柄の株式の時価総額の株主優待レシオ加重平均値が、５０億円であった場合には、このときのインデックスの値を１または１００とする。従って、加重平均値が５４．５億円のときには、インデックス＝１．０９または１０９となる。
【００６９】
ポートフォリオ算出手段２８は、各購入者の出資金により既に購入されて運用者による運用管理下にある保有株式の時価合計価額、および各購入者により新規または追加で拠出された出資金総額を含むトータルボリュームを、各銘柄の株主優待レシオ（またはレシオ比）およびこの銘柄の株式の時価総額を用いて算出される配分比率に基づき、各銘柄に配分することにより、株主優待銘柄インデックスに連動するポートフォリオを構築する処理を行うものである。
【００７０】
トータルボリュームを算出するにあたって、各購入者の出資金により既に購入されて運用者による運用管理下にある保有株式の時価合計価額を算出する際には、構成銘柄・保有株数データベース４３に記憶された現在保有株式のデータを参照するとともに、これらの現在保有株式を時価で評価する際に、株式時価情報取得手段２５により取得した各銘柄の時価情報を用いる。一方、各購入者により新規または追加で拠出された出資金総額は、新規・追加出資金データベース４６に記憶された出資金のデータを参照して把握する。
【００７１】
【表２】

【００７２】
具体的には、例えば、前述した表１の例における上位５銘柄Ａ社〜Ｅ社への配分比率を算出すると、表２に示すような結果となる。例えば、Ａ社の時価総額×レシオ比は、表１から、１００億円×０．３３＝３３億円となる。Ｂ社〜Ｅ社の場合も同様である。そして、Ａ社〜Ｅ社のそれぞれの時価総額×レシオ比を合計すると、５４．５億円となるので、Ａ社の株式への配分比率は、３３億円÷５４．５億円＝０．６１となる。Ｂ社〜Ｅ社の場合も同様である。従って、Ａ社〜Ｅ社の各株式への配分比率は、株主優待レシオ（またはレシオ比）が大きい程、大きくなり、かつ、株式の時価総額が大きい程、大きくなる。換言すれば、時価総額が同じ銘柄であれば、株主優待レシオ（またはレシオ比）が大きい銘柄の方が、配分比率が大きくなる。
【００７３】
ここで、例えば、トータルボリュームを１０億円とすると、この１０億円についてのＡ社〜Ｅ社の各株式への配分金額は、表２の最下行に示す金額となる。例えば、Ａ社の株式への配分金額は、１０億円（トータルボリューム）×０．６１（Ａ社の株式への配分比率）＝６．１億円となる。Ｂ社〜Ｅ社の場合も同様である。このようにしてＡ社〜Ｅ社の各株式への配分金額が定まり、株主優待銘柄インデックスに連動するポートフォリオが構築される。なお、トータルボリュームに比して配分すべき銘柄数が多い場合には、運用効率の観点から、配分比率の低い特定の銘柄への配分は行わず、その代わりに、より高い配分比率の銘柄に配分金額を加算してもよい。
【００７４】
売買情報作成手段２９は、購入銘柄・保有株数データベース４３に記憶された現在保有銘柄およびこれらの各銘柄の株数並びにこれらの各銘柄の時価情報から得られる現在保有銘柄の構成比率と、ポートフォリオの配分比率との差に基づき、ポートフォリオを維持するための株式の売買情報を作成する処理を行うものである。
【００７５】
【表３】

【００７６】
具体的には、例えば、購入銘柄・保有株数データベース４３に記憶された現在保有銘柄およびこれらの各銘柄の株数と、株式時価情報取得手段２５により取得した各銘柄の株式の時価情報とにより、表３に示すような現在保有銘柄の構成比率が得られたとする。表３では、新規・追加出資金データベース４６に記憶された出資金はなく、トータルボリュームの１０億円は、購入銘柄・保有株数データベース４３に記憶された現在保有株式の時価合計価額のみであるものとしている。
【００７７】
ここで、前述した表２に示されたＡ社〜Ｅ社の各株式への配分比率に基づくポートフォリオを維持するために、表２の最下行のトータルボリューム配分金額と、表３の保有額（時価）とを比較し、差額分についての株式の売買情報を作成する。表２によれば、Ｄ社の株式への配分金額は０．７億円であるのに対し、表３のように、現在保有しているＤ社の株式は１．１億円であるから、保有額（時価）を０．７億円に修正するために、Ｄ社の株式を０．４億円分売却する情報を作成する。また、表２によれば、Ｆ社は、上位５銘柄から落ちてファンドの投資対象に入っていないので、表３に示されたＦ社の株式０．５億円分を全て売却する情報を作成する。さらに、表２によれば、Ｅ社の株式への配分金額は０．９億円であるのに対し、表３のように、Ｅ社の株式は現在保有していないので、Ｅ社の株式を０．９億円分購入する情報を作成する。従って、全体的には、０．９億円分の売却情報と、０．９億円分の購入情報とが作成される。なお、委託手数料、運用報酬等は考慮していない。
【００７８】
【表４】

【００７９】
また、購入銘柄・保有株数データベース４３に記憶された現在保有銘柄およびこれらの各銘柄の株数と、株式時価情報取得手段２５により取得した各銘柄の株式の時価情報とにより、表４に示すような現在保有銘柄の構成比率が得られるとともに、新規・追加出資金データベース４６に記憶された出資金のデータから、表４の最下行に示すような各購入者により追加で拠出された出資金総額が得られたとする。従って、表４では、トータルボリュームの１０億円は、購入銘柄・保有株数データベース４３に記憶された現在保有株式の時価合計価額と、新規・追加出資金データベース４６に記憶された出資金総額との合計額である。
【００８０】
ここで、前述した表２に示されたＡ社〜Ｅ社の各株式への配分比率に基づくポートフォリオを維持するために、表２の最下行のトータルボリューム配分金額と、表４の保有額（時価）とを比較し、差額分についての株式の売買情報を作成する。表２によれば、Ｄ社の株式への配分金額は０．７億円であるのに対し、表４のように、現在保有しているＤ社の株式は１．１億円であるから、保有額（時価）を０．７億円に修正するために、Ｄ社の株式を０．４億円分売却する情報を作成する。また、表２によれば、Ｆ社は、上位５銘柄から落ちてファンドの投資対象に入っていないので、表４に示されたＦ社の株式０．４億円分を全て売却する情報を作成する。さらに、表２によれば、Ｅ社の株式への配分金額は０．９億円であるのに対し、表４のように、Ｅ社の株式は現在保有していないので、Ｅ社の株式を０．９億円分購入する情報を作成する。従って、全体的には、０．８億円分の売却情報と、０．９億円分の購入情報とが作成され、これらの売買額の差額０．１億円分は、出資金０．１億円で賄われる。なお、委託手数料、運用報酬等は考慮していない。
【００８１】
売買取引処理手段３０は、売買情報作成手段２９により作成された株式の売買情報を売買情報作成手段２９から受け取り、受け取った売買情報に基づき、株式売買システム８０にアクセスして株式の売却や購入の発注を行い、株式の売買取引処理を行うものである。また、売買取引処理手段３０は、株式売買システム８０から売買後の情報を受け取り、この情報を購入銘柄・保有株数データベース４３に記憶させる。
【００８２】
優待商品割当手段３１は、優待商品を各購入者に割り当てる処理を行うものである。優待商品割当手段３１は、購入銘柄・保有株数データベース４３に記憶された現在保有銘柄およびこれらの各銘柄の株数と、銘柄情報データベース４２に記憶された優待情報（配布時期情報、優待商品配布形態、優待商品（１）、（２）、（３）…およびこの優待商品（１）、（２）、（３）…を受け取るのに必要な株数（１）、（２）、（３）…等）とに基づき、運用者による運用管理下にある保有株式全体で受け取ることができる各優待商品およびその数量を算出する。また、優待商品割当手段３１は、この算出結果に基づき、購入者データベース４１に記憶された各購入者の購入口数および希望商品を含む購入者情報に従って、各購入者に送付する優待商品およびその数量を決定する。
【００８３】
この際、優待商品割当手段３１は、購入者データベース４１に購入者情報として記憶された希望順位に従って、各購入者に送付する優待商品を決定するとともに、この決定過程において、各購入者の希望商品が同じ希望順位で重複することにより、送付する優待商品に不足が生じた場合には、抽選処理を行って、その重複希望商品を送付する購入者を決定する。また、優待商品割当手段３１は、上記のように送付する優待商品に不足が生じた場合に、各購入者のファンド購入口数および／またはファンド保有期間を含むファンド寄与度に基づき、希望重複商品を送付する購入者を決定するようにしてもよい。
【００８４】
購入者データベース４１は、各購入者の購入申込に関する情報および購入後の累積情報を含む購入者情報を各購入者毎に記憶するものである。購入者データベース４１を構成する各レコードには、購入者名、購入口数（累積）、購入希望口数または購入希望金額（但し、購入希望金額は、購入申込後に証券発行手段２２により口数に換算される。）、希望商品およびその商品の希望順位等の各情報が記憶されている。希望商品および希望順位は、少なくとも第３希望ぐらいまで記憶しておくことが好ましい。
【００８５】
銘柄情報データベース４２は、株主優待銘柄を含む株式銘柄の情報を記憶するものである。銘柄情報データベース４２を構成する各レコードには、銘柄名、市場、銘柄コード、発行株数、優待情報（例えば、株主優待の有無、配布時期情報、優待商品配布形態、優待商品（１）、優待商品（１）を受け取るのに必要な株数（１）、優待商品（２）、優待商品（２）を受け取るのに必要な株数（２）、優待商品（３）、優待商品（３）を受け取るのに必要な株数（３）、…等）などの各情報が記憶されている。ここで、優待商品配布形態は、例えば、保有株数比例方式（優待商品の配布量が保有株数に比例する方式）、設定数１（優待商品の配布量が保有株数に比例しない方式において、その配布形態を定めるために優待商品および必要株数を１組設定する場合）、設定数２（同２組設定する場合）、設定数３（同３組設定する場合）、…、その他（優待商品の配布量が保有株数に無関係である場合）等の中から選択される。
【００８６】
具体的には、例えば、「銘柄名：Ｐ社、市場：東証、銘柄コード：１２３４５、発行株数：１００万株、株主優待の有無：有、配布時期情報：年２回６月と１２月、優待商品配布形態：保有株数比例方式、優待商品（１）：１万円の商品券、必要株数（１）：５千株」等である。この例の場合には、優待商品配布形態が保有株数比例方式であるから、優待商品（１）および必要株数（１）のみを設定し、保有株数が増加してもこの対応関係（比例関係）を維持する。従って、この例の場合は、５千株以上保有する株主に対し、５千株につき１万円の商品券を与える配布形態であり、例えば１万株保有の株主には２万円の商品券が与えられる。なお、５千株以上保有する株主（それ以上保有していても同じ。）に対し、１万円の商品券を与える配布形態の場合は、優待商品の配布量が保有株数に比例しない方式（設定数１）となるので、例えば、「銘柄名：Ｑ社、市場：大証、銘柄コード：４５６７８、発行株数：２００万株、株主優待の有無：有、配布時期情報：年１回３月、優待商品配布形態：設定数１、優待商品（１）：１万円の商品券、必要株数（１）：５千株」等となる。
【００８７】
また、優待商品の配布量が保有株数に比例しない方式の別の例としては、「…、優待商品配布形態：設定数３、優待商品（１）：１万円の商品券、必要株数（１）：１万株、優待商品（２）：３万円の商品券、必要株数（２）：２万株、優待商品（３）：１０万円の商品券、必要株数（３）：３万株」等が挙げられる。この例の場合には、１万株以上の保有に対し、１万円の商品券を与え、２万株以上の保有に対し、３万円の商品券を与え、３万株以上の保有（それ以上保有していても同じ。）に対し、１０万円の商品券を与える配布形態となる。さらに、優待商品の配布量が保有株数に比例しない方式には、優待商品の種別を保有株数に応じて変える方式が含まれ、例えば、「…、優待商品配布形態：設定数３、優待商品（１）：１万円の商品券、必要株数（１）：１万株、優待商品（２）：Ｎホテルペア宿泊券、必要株数（２）：２万株、優待商品（３）：家族で北海道旅行、必要株数（３）：３万株」等である。
【００８８】
銘柄情報データベース４２に記憶させる情報は、定期的に更新するとともに、必要に応じて適宜更新する。この更新作業は、例えば、ファンドの運用者である証券会社等のシステム管理者が、システム１０の入力手段１１を用いて更新データを入力したり、運用者端末装置９０からネットワーク１を介して更新データを入力・送信して行うことができる。
【００８９】
購入銘柄・保有株数データベース４３は、各購入者の出資金により購入されて運用者による運用管理下で現在保有されている各銘柄、およびこれらの各銘柄の株数を記憶するものである。
【００９０】
商品時価データベース４４は、各株主優待銘柄の優待商品の時価情報を記憶するものである。商品時価データベース４４を構成する各レコードには、商品名、その商品の時価等が記憶されている。具体的には、例えば、「商品名：１万円の商品券、時価：１万円」、「商品名：Ｎホテルペア宿泊券、時価：３万６千円」、「商品名：家族で北海道旅行、時価：８万５千円」等である。時価の算出は、市場価格を参照してもよく、市場価格が無い場合等には、ファンドの運用者による独自の評価額を当てはめてもよい。
【００９１】
商品時価データベース４４に記憶させる情報は、定期的に更新するとともに、必要に応じて適宜更新する。この更新作業は、例えば、ファンドの運用者である証券会社等のシステム管理者が、システム１０の入力手段１１を用いて更新データを入力したり、運用者端末装置９０からネットワーク１を介して更新データを入力・送信して行うことができる。
【００９２】
株主優待銘柄インデックス記憶手段４５は、株主優待銘柄インデックス算出手段２７により算出された株主優待銘柄インデックスを記憶保持するものである。
【００９３】
新規・追加出資金データベース４６は、証券発行手段２２によりファンドの証券を発行した分に相当する各購入者の出資金を記憶するものである。
【００９４】
入力手段１１は、例えばキーボードやマウス等により構成され、ファンドの運用者である証券会社等のシステム管理者が各種データの入力作業等を行うために操作するものである。
【００９５】
表示手段１２は、例えば液晶ディスプレイやＣＲＴディスプレイ等により構成され、ファンドの運用者である証券会社等のシステム管理者が各種データの入力作業等を行う際に参照する情報を表示するものである。
【００９６】
入力手段１１や表示手段１２を用いて行われるデータ入力作業等のシステム管理・維持・運用に必要な各種作業は、運用者端末装置９０によりネットワーク１を介して行うこともできる。
【００９７】
そして、処理手段２０に含まれる各手段２１〜３１は、システム１０を構成する各コンピュータ本体（パーソナル・コンピュータのみならず、その上位機種のものも含む。）の内部に設けられた中央演算処理装置（ＣＰＵ）、およびこのＣＰＵの動作手順を規定する一つまたは複数のプログラムにより実現される。
【００９８】
また、システム１０を構成する各データベース４１〜４４，４６および記憶手段４５は、例えばハードディスク等により好適に実現されるが、記憶容量やアクセス速度等に問題が生じない範囲であれば、ＲＯＭ、ＥＥＰＲＯＭ、フラッシュ・メモリ、ＲＡＭ、ＭＯ、ＣＤ−ＲＯＭ、ＣＤ−Ｒ、ＣＤ−ＲＷ、ＤＶＤ−ＲＯＭ、ＤＶＤ−ＲＡＭ、ＦＤ、磁気テープ、あるいはこれらの組合せ等を採用してもよい。
【００９９】
さらに、システム１０は、一台のコンピュータあるいは一つのＣＰＵにより実現されるものに限定されず、複数のコンピュータ等で分散処理を行うことにより実現されるものであってもよい。このような分散処理の形態には、例えば、処理手段２０に含まれる各手段２１〜３１で行う処理を複数のコンピュータで分散して行うような機能的な分散処理の形態、および複数のプロセッサ（シングルプロセッサマシンを複数台用いる場合、およびマルチプロセッサマシンを用いる場合のいずれも含まれる。）による並列処理で処理速度の向上を図るための分散処理の形態が含まれる。
【０１００】
購入者端末装置５０は、ファンドの購入者が操作するものであり、例えばコンピュータ等により構成され、キーボードやマウス等の入力手段と、液晶ディスプレイやＣＲＴディスプレイ等の表示手段とを備えている。また、購入者端末装置５０は、例えば携帯電話機（ＰＨＳも含む。）や携帯情報端末（ＰＤＡ）等であってもよい。
【０１０１】
営業員端末装置６０は、ファンドの運用者である証券会社等の営業員が、ファンドの購入者の希望に従って入力操作等を代行する際に使用するものであり、例えばコンピュータ等により構成され、キーボードやマウス等の入力手段と、液晶ディスプレイやＣＲＴディスプレイ等の表示手段とを備えている。また、営業員端末装置６０は、例えば携帯電話機（ＰＨＳも含む。）や携帯情報端末（ＰＤＡ）等であってもよい。
【０１０２】
株価情報提供システム７０は、株式時価情報取得手段２５からのアクセスに応じ、各種銘柄の株式の時価情報を株主優待銘柄ファンド運営システム１０に提供するシステムである。
【０１０３】
株式売買システム８０は、売買取引処理手段３０からのアクセスに応じ、株式の売買処理を実行し、その結果を株主優待銘柄ファンド運営システム１０に送信するシステムである。
【０１０４】
運用者端末装置９０は、ファンドの運用者である証券会社等のシステム管理者が操作するものであり、コンピュータにより構成され、キーボードやマウス等の入力手段と、液晶ディスプレイやＣＲＴディスプレイ等の表示手段とを備えている。この運用者端末装置９０によりネットワーク１を介して行われるデータ入力作業等のシステム管理・維持・運用に必要な各種作業は、株主優待銘柄ファンド運営システム１０の処理手段２０に直接に接続された入力手段１１や表示手段１２を用いても行うことができる。
【０１０５】
このような本実施形態においては、以下のようにして株主優待銘柄ファンド運営システム１０による株主優待銘柄インデックスの算出、およびこの株主優待銘柄インデックスに連動するポートフォリオの構築・維持が行われ、株主優待銘柄の株式を投資対象とした投資信託が実現される。
【０１０６】
図３において、ファンドの運用者である証券会社等のシステム管理者は、株主優待銘柄ファンド運営システム１０を起動し、システム１０によるファンド運用の準備を開始する（ステップＳ１）。
【０１０７】
先ず、システム管理者は、システム１０の入力手段１１を操作し、または運用者端末装置９０を操作し、銘柄情報データベース４２および商品時価データベース４４に必要データを入力する（ステップＳ２）。この入力作業は、定期的に、または適宜行ってデータを更新する。
【０１０８】
次に、株主優待銘柄抽出手段２３により、銘柄情報データベース４２に記憶された複数の銘柄のうちから株主優待を伴う全銘柄を抽出する（ステップＳ３）。
【０１０９】
続いて、優待商品時価総額算出手段２４により、銘柄情報データベース４２に記憶された優待情報を用い、商品時価データベース４４に記憶された各優待商品の時価を、所定期間当たり・所定株数当たりに受け取ることができる各優待商品の商品時価総額に換算して標準化する（ステップＳ４）。
【０１１０】
それから、株主優待レシオ算出手段２６により、優待商品時価総額算出手段２４で算出した商品時価総額、および株式時価情報取得手段２５で取得した株価を用い、株主優待レシオを各株主優待銘柄毎に算出する（ステップＳ５）。
【０１１１】
さらに、株主優待銘柄インデックス算出手段２７により、株主優待レシオ算出手段２６で算出した各銘柄の株主優待レシオ、株式時価情報取得手段２５で取得した各銘柄の株価、および銘柄情報データベース４２に記憶された各銘柄の発行株数を用い、株主優待銘柄インデックスを算出する（ステップＳ６）。また、算出した株主優待銘柄インデックスは、株主優待銘柄インデックス記憶手段４５に記憶され、証券発行手段２２による処理に使用されるとともに、購入者端末装置５０や営業員端末装置６０による各購入者や各営業員の閲覧に供される。
【０１１２】
その後、ポートフォリオ算出手段２８により、構成銘柄・保有株数データベース４３および新規・追加出資金データベース４６に記憶された各データからトータルボリュームを算出した後、各銘柄の株主優待レシオおよび時価総額を用いて算出される配分比率に基づき、トータルボリュームを各銘柄に配分することにより、株主優待銘柄インデックスに連動するポートフォリオを構築する（ステップＳ７）。
【０１１３】
続いて、売買情報作成手段２９により、購入銘柄・保有株数データベース４３に記憶された現在保有株式のデータおよび株式時価情報取得手段２５で取得した各銘柄の株価から得られる現在保有銘柄の構成比率と、ポートフォリオ算出手段２８で算出されたポートフォリオの配分比率との差に基づき、ポートフォリオを維持するための株式の売買情報を作成する（ステップＳ８）。
【０１１４】
そして、売買取引処理手段３０により、売買情報作成手段２９で作成された売買情報に基づき、株式売買システム８０にアクセスして株式の売買取引処理を行う（ステップＳ９）。これにより、ポートフォリオ算出手段２８で算出されたポートフォリオが維持される。また、株式売買システム８０から受け取った売買後の情報を購入銘柄・保有株数データベース４３に記憶させる。以上により、株主優待銘柄ファンド運営システム１０による株主優待銘柄インデックスの算出、およびこの株主優待銘柄インデックスに連動するポートフォリオの構築・維持という一連の処理が終了する（ステップＳ１０）。
【０１１５】
なお、図示は省略されているが、ステップＳ３〜Ｓ９の一連の処理は、定期的に繰り返し行われる。従って、各株主優待銘柄の株価の変動に伴って株主優待銘柄インデックスが変動する状況、あるいは株主優待レシオの変動に伴って上位銘柄が入れ替わる状況に対応して、ポートフォリオの構築・維持が繰り返し行われる。
【０１１６】
一方、各購入者がファンドを購入する際には、次のような処理が行われる。
【０１１７】
すなわち、先ず、各購入者は、購入者端末装置５０を操作し、購入希望口数または購入希望金額、並びに希望商品およびその希望順位を含む購入申込に関する各種情報を入力し、ネットワーク１を介して株主優待銘柄ファンド運営システム１０に送信する。また、ファンドの運用者である証券会社等の各営業員が、営業員端末装置６０を操作し、各購入者の希望に従って購入申込に関する各種情報の入力作業を代行し、ネットワーク１を介してシステム１０に送信してもよい。
【０１１８】
システム１０では、購入申込受付処理手段２１により、購入者端末装置５０または営業員端末装置６０からネットワーク１を介して送信されてくる購入申込に関する各種情報を受信し、ファンド購入の申込みを受け付けた後、受け付けた購入申込に関する各種情報を、購入者データベース４１に各購入者毎に記憶させて登録する。
【０１１９】
次に、証券発行手段２２により、株主優待銘柄インデックス記憶手段４５に記憶保持されている株主優待銘柄インデックスの現在値と、購入者データベース４１に記憶されている各購入者の購入希望口数または購入希望金額とから、ファンドの証券を発行するとともに、証券を発行した分に相当する各購入者の出資金を新規・追加出資金データベース４６に記憶させる。
【０１２０】
そして、新規・追加出資金データベース４６に記憶された各購入者の出資金のデータは、図３のステップＳ７のポートフォリオの算出処理で使用されるとともに、その出資金は、ステップＳ９の売買取引処理で使用される。
【０１２１】
このような本実施形態によれば、次のような効果がある。すなわち、株主優待銘柄ファンド運営システム１０は、優待商品時価総額算出手段２４を備えているので、商品時価データベース４４に記憶された各優待商品の時価を標準化して商品時価総額を算出することができる。このため、各株主優待銘柄の優待商品の価値を同条件下で比較することができる。
【０１２２】
また、株主優待銘柄ファンド運営システム１０は、株主優待レシオ算出手段２６を備えているので、優待商品時価総額算出手段２４により算出された商品時価総額を用い、株主優待による利益率を示す株主優待レシオを算出することができる。
【０１２３】
さらに、株主優待銘柄ファンド運営システム１０は、株主優待銘柄インデックス算出手段２７を備えているので、株主優待レシオ算出手段２６により算出された株主優待レシオを用い、株主優待銘柄インデックスを算出することができる。そして、算出された株主優待銘柄インデックスは、例えば、株主優待を伴う全ての１部上場銘柄のインデックス「大和優待銘柄指数」、株主優待レシオ上位３０銘柄のインデックス「Ｍｒ．優待３０」、株主優待レシオ上位５０銘柄のインデックス「Ｍｒ．優待５０」等とされ、株主優待銘柄の動きを把握するための新しい指標として機能させることができる。このため、株主優待銘柄インデックスは、ポートフォリオの構築・維持に使用できるうえ、ファンド購入者や証券会社等の営業員による売買の判断基準として使用できる。
【０１２４】
また、株主優待銘柄ファンド運営システム１０は、ポートフォリオ算出手段２８、売買情報作成手段２９、および売買取引処理手段３０を備えているので、株主優待銘柄インデックスに連動するポートフォリオを構築でき、維持できる。このため、株主優待銘柄の株式を投資対象とするファンド運用を実現することができる。
【０１２５】
例えば、前述した表１の例において、Ａ社の株価が上昇して２倍の値になったとすると、Ａ社の時価総額は、１００億円から、２倍の２００億円に変化し、株主優待銘柄インデックス算出手段２７により株主優待銘柄インデックスを算出し直すと、インデックスの値は、５４５から８７５へ変化し、１．６１倍となる。一方、表２の例を修正前のポートフォリオであるとすると、Ａ者の株式の保有量は、トータルボリューム１０億円のうちの６．１億円であったものが、２倍の１２．２億円に変化し、トータルボリュームは、１０億円から１６．１億円に増加して１．６１倍となる。
【０１２６】
さらに、株主優待銘柄インデックス算出手段２７は、上位銘柄抽出手段２７Ａを含む構成を有しているので、各株主優待銘柄のうちから株主優待レシオに基づく順位付けに従って上位の一部の銘柄を抽出することができる。このため、株主優待による利益率の良い銘柄を中心としたファンド運用を実現することができる。
【０１２７】
そして、株主優待銘柄ファンド運営システム１０は、株主優待銘柄抽出手段２３を備えているので、銘柄情報データベース４２に記憶された株主優待の有無の情報に基づき、株主優待レシオを算出すべき株主優待銘柄の全てを自動的に抽出することができる。
【０１２８】
また、株主優待銘柄ファンド運営システム１０は、優待商品割当手段３１を備えているので、各購入者に送付する優待商品およびその数量を自動的に決定することができる。このため、ファンドの運用者の手間を軽減できる。
【０１２９】
さらに、購入者データベース４１には、購入者情報として、希望商品が希望順位とともに記憶されているので、優待商品割当手段３１は、この希望順位に従って各購入者に送付する優待商品を決定することができる。この際、優待商品割当手段３１は、各購入者の希望商品が同じ希望順位で重複した場合に抽選処理を行う機能を有しているので、一部の優待商品に多数の希望者が集中するような事態に対応することができ、各購入者に送付する優待商品の決定処理を円滑に行うことができる。また、優待商品割当手段３１は、上記のように希望が重複した場合に、各購入者の購入口数および／またはファンド保有期間を含むファンド寄与度に基づき、希望重複商品を送付する購入者を決定する機能も有しているので、これによっても同様な効果を得ることができる。
【０１３０】
なお、本発明は前記実施形態に限定されるものではなく、本発明の目的を達成できる範囲内での変形等は本発明に含まれるものである。
【０１３１】
すなわち、前記実施形態では、優待商品時価総額算出手段２４により、商品時価データベース４４に記憶された各優待商品の時価を標準化して商品時価総額を算出する構成とされていたが、商品時価総額を予め算出して商品時価総額データベースに記憶させておき、これを株主優待レシオ算出手段２６による処理に使用する構成としてもよい。
【０１３２】
また、前記実施形態では、株主優待レシオ算出手段２６により株主優待レシオを算出する際に、商品時価総額とこの商品時価総額相当分の優待商品を受け取るのに必要な所定株数分の株式の時価合計価額との比の値を用いていたが、本発明における株主優待レシオは、商品時価総額に配当を加えた額とこの商品時価総額相当分の優待商品を受け取るのに必要な所定株数分の株式の時価合計価額との比の値として算出してもよい。
【０１３３】
さらに、前記実施形態では、株主優待銘柄インデックス算出手段２７によりインデックスを算出する際に、株主優待レシオを用いて時価総額を加重平均していたが、時価総額ではなく、時価を加重平均するようにしてもよい。ポートフォリオ算出手段２８によりポートフォリオの配分比率を算出する際も同様である。但し、株主優待銘柄の動きを、より正確に指標するインデックスを算出し、また、それに連動するポートフォリオを構築するという観点から、時価ではなく、時価総額を用いることが好ましい。
【０１３４】
【発明の効果】
以上に述べたように本発明によれば、株主優待レシオ算出手段により、株主優待による利益率を示す株主優待レシオを算出し、株主優待銘柄インデックス算出手段により、この株主優待レシオを用いて株主優待銘柄インデックスを算出し、ポートフォリオ算出手段および売買情報作成手段により、この株主優待銘柄インデックスに連動するポートフォリオを構築・維持するので、投資家に対し、株主優待銘柄の動きを把握することができる新しい指標としての株主優待銘柄インデックスを提示することができるうえ、この株主優待銘柄インデックスに連動するポートフォリオを構築し、株主優待銘柄の株式を投資対象とするファンド運用を実現することができるという効果がある。
【図面の簡単な説明】
【図１】本発明の一実施形態の株主優待銘柄ファンド運営システムを含むシステム構成図。
【図２】前記実施形態の株主優待銘柄ファンド運営システムの処理およびデータの流れを示す説明図。
【図３】前記実施形態の株主優待銘柄ファンド運営システムによる株主優待銘柄インデックスの算出、およびこの株主優待銘柄インデックスに連動するポートフォリオの構築・維持の流れを示すフローチャートの図。
【符号の説明】
１０ 株式投資信託運営システムである株主優待銘柄ファンド運営システム
２３ 株主優待銘柄抽出手段
２４ 優待商品時価総額算出手段
２６ 株主優待レシオ算出手段
２７ 株主優待銘柄インデックス算出手段
２７Ａ 上位銘柄抽出手段
２８ ポートフォリオ算出手段
２９ 売買情報作成手段
３１ 優待商品割当手段
４１ 購入者データベース
４２ 銘柄情報データベース
４３ 購入銘柄・保有株数データベース
４４ 商品時価データベース[0001]
TECHNICAL FIELD OF THE INVENTION
The present invention relates to a stock investment trust management system, a stock investment trust management method, and a program for investing in stocks of a plurality of stocks including stocks for stockholders, and it is possible to ascertain the movement of stocks for which stockholders are stocked. This index can be used to manage investment trusts by introducing a special index that can be used as a new indicator and constructing a portfolio linked to this index.
[0002]
[Background Art]
2. Description of the Related Art Conventionally, there has been a brand that distributes various products, such as cash vouchers, to shareholders as a special treatment for shareholders, in addition to dividends. Investors' needs for such stocks with shareholder benefits are high. For example, recently, there has been an example in which a large number of investors gathered in an initial public offering (IPO) because of a desire for a courtesy ticket distributed by a hamburger company as a shareholder benefit.
[0003]
[Problems to be solved by the invention]
However, as mentioned above, despite the high needs of investors for stock offerings, general investors who do not have investment expertise or large-scale investment funds can make small-scale investments in stocks for stockholders. At present, no mechanism or system has been developed that can efficiently obtain benefits from preferential treatment.
[0004]
It is an object of the present invention to present a shareholder preferential issue index as a new index that enables investors to grasp the movement of the shareholder preferential issue, and construct a portfolio linked to the shareholder preferential issue index to create a shareholder preferential issue The present invention provides a stock investment trust management system, a stock investment trust management method, and a program capable of realizing a fund management for investing in stocks.
[0005]
[Means for Solving the Problems]
The present invention is a stock investment trust management system for investing in stocks of a plurality of stocks, including stocks for preferential stockholders, which are purchased by each buyer's investment and currently held under management by the manager. A database of the number of stocks to be purchased and held, which stores each brand and the number of shares of each of these brands, a market price database, which stores the market value information of the special products of each stock brand, and a database of the special products, which are stored in this database. A preferential product market capitalization calculating means for converting the market price into a product market capitalization of each preferential product which can be received per a predetermined period and a predetermined number of shares, and standardizing the product market capitalization calculated by the preferential product market capitalization calculating means or The sum of the market capitalization of the product plus the dividend and the total market value of the specified number of shares required to receive the preferential product equivalent to the market capitalization of the product A shareholder benefit ratio calculation means for calculating the shareholder benefit ratio determined as a value of each shareholder benefit issue, and a plurality of issues including each shareholder benefit benefit using each shareholder benefit ratio calculated by the shareholder benefit ratio calculation means. A shareholder preferential issue index calculation means that calculates the shareholder preferential issue index that is an index value for the investment target stock by weighting each market capitalization or each market value of the shares of The total volume, including the total market value of the shares held under management by the manager and the total amount of capital newly or additionally contributed by each purchaser, is calculated based on the shareholder preferential ratio of each shareholder preferential issue and the market value of the shares of this issue. By allocating to multiple stocks, including stocks for each shareholder, based on the allocation ratio calculated using the total amount or market value , Portfolio calculation means for constructing a portfolio linked to the shareholder preferential issue index, the current holdings stored in the database of purchased issues and shares held, the number of shares of each of these issues, and the current holdings obtained from the market value information of each of these issues A trade information creating means for creating stock trade information for maintaining a portfolio based on a difference between a stock composition ratio and a portfolio allocation ratio is provided.
[0006]
Here, the `` stock investment trust management system for investment in stocks of a plurality of stocks including stocks for stockholders '' is an investment trust management system of the present invention in which an investment trust centering on stocks for stockholders is performed. This is to the effect that stocks other than stockholder special offers may be included in some of the investments. Meaning that each market capitalization or market value of the shares of "a plurality of stocks including each stockholder's preferential issue" in the processing of "stockholder preferential issue index calculating means" is weighted, and "each shareholder preferential treatment" in the processing of "portfolio calculating means" The same applies to the case of allocating to "a plurality of brands including brands", which means that brands other than stockholder special offers may be included. If the index calculation includes stocks other than stockholders 'stock in the processing of the stockholders' stock index calculation means, the calculation process corresponding to the stockholders 'ratio for stocks other than stockholders' stocks (For example, a fixed value) may be calculated or determined and used for calculating the index. The same applies to the following inventions.
[0007]
In addition, in the present invention, in order to distinguish from the market capitalization of stocks (stock price x number of shares issued), which is generally referred to simply as "market capitalization", the market capitalization of special treatment products (received per predetermined period / per predetermined number of shares) The market value of the value of the preferential product that can be provided) is referred to as “market capitalization”. The same applies to the following inventions.
[0008]
In addition, the meaning of "weighting average each market capitalization or each market value of a plurality of stocks including stocks with each shareholder benefit using each shareholder benefit ratio" in the process of "stockholder benefit stock index calculation means" This means that when calculating the shareholder benefit index using the ratio, each market capitalization may be weighted or each market price may be weighted average. Similarly, “the shareholder preferential ratio of each shareholder preferential issue and the allocation ratio calculated using the market capitalization or market value of the shares of this issue” in the processing of the “portfolio calculation means” refers to the shareholder preference when calculating the portfolio. This is to the effect that the courtesy ratio and market capitalization may be used, and the shareholder courtesy ratio and market value may be used. However, from the viewpoint of calculating an index that more accurately indicates the movement of stockholders' special offers and building a portfolio linked to it, it is preferable to use market capitalization instead of market value in each of the above processes. . The same applies to the following inventions.
[0009]
The “shareholder preferential ratio” may also be defined as the ratio of “market capitalization” to “the total market value of shares for a specified number of shares required to receive the preferential product equivalent to this market capitalization”. Often, it may be defined as a value of a ratio of “the sum of the market capitalization of a product and a dividend” to “the total market value of a predetermined number of shares required to receive a preferential product equivalent to the market capitalization of the product”. . However, from the viewpoint of setting the profit margin by the preferential treatment of each shareholder preferential issue to a value that more clearly shows, it is preferable to determine the shareholder preferential ratio without considering the dividend. The same applies to the following inventions.
[0010]
The “total volume” is defined as “the total market value of shares owned by each purchaser that has already been purchased and managed by the manager” and “new or additional contributions by each purchaser. If there is both, the total amount is the total amount, and if there is only one, it is either one of them. The same applies to the following inventions.
[0011]
In such a stock investment trust management system of the present invention, the shareholder benefit ratio calculating means calculates the shareholder benefit ratio indicating the profit margin by the shareholder benefit, and the shareholder benefit brand index calculating means uses the shareholder benefit ratio. A stock index is calculated. Then, a portfolio linked to the stock index for stockholders is constructed and maintained by the portfolio calculating means and the trade information creating means.
[0012]
For this reason, it becomes possible to present investors a stock index for stockholders as a new index for grasping the movement of stocks for stockholders. In addition, by building a portfolio linked to this stock index, the company will be able to manage a fund that invests in stocks with stockholders' stocks. It is possible to receive preferential treatment. The above objects are achieved by these.
[0013]
Further, the present invention is a stock investment trust management system for investing in stocks of a plurality of stocks, including stocks for preferential stockholders, wherein the stocks are invested by each purchaser and are currently held under management by the manager. The database of stocks and shares held, which stores each stock and the number of shares of each stock, and the market value of each specialty product that can receive the market value of specialty products for each stockholder special offer per specified period and per specified number of shares A commodity market capitalization database that stores the commodity market capitalization as a standardized amount in terms of a total amount, a commodity market capitalization stored in the commodity market capitalization database or an amount obtained by adding a dividend to the commodity market capitalization, and the commodity market value The shareholder benefit ratio, which is defined as the ratio of the market value of the specified number of shares required to receive the total amount of preferential products, to each shareholder preferential treatment A weighted average of each market capitalization or market value of a plurality of stocks, including each stock, including each of the stocks, using the stockholder ratio calculation means calculated for each stock and the stockholder ratio calculated by the stockholder ratio calculation means. A shareholder benefit index calculation means to calculate a shareholder benefit index that serves as an index value for the shares to be invested, and the total market value of shares owned by the purchaser and already managed by the manager The total volume, including the price and the total amount of capital newly or additionally contributed by each purchaser, is calculated based on the shareholder preferential ratio of each shareholder preferential issue and the allocation ratio calculated using the market capitalization or market value of the shares of this issue. By allocating to multiple stocks, including each stock, the portfolio linked to the stock index The portfolio calculation means for constructing the stocks, the stocks currently purchased, the number of shares of each stock, and the composition ratio of the stocks currently held obtained from the market value information of each stock, And a trading information creating means for creating stock trading information for maintaining the portfolio based on a difference from the portfolio allocation ratio.
[0014]
In such a stock investment trust management system of the present invention, the above-described invention converts the market value of the preferential product stored in the product market price database into the market capitalization of the product by the preferential product market capitalization calculating means and standardizes it. However, the only difference is that the market capitalization database, which has already been converted and standardized, is stored in the market capitalization database. Accordingly, the same operations and effects as those of the above-described invention can be obtained, thereby achieving the above object.
[0015]
Further, in the above-mentioned stock investment trust management system, the shareholder preferential issue index calculating means includes a high-ranking issue extracting means for extracting a part of the superior issues from each shareholder preferential issue according to the ranking based on the shareholder preferential ratio. The portfolio calculation unit may be configured to construct a portfolio by allocating a total volume based on a distribution ratio to a plurality of brands including stocks for shareholder benefits extracted by the top brand extraction unit. .
[0016]
Here, "a plurality of issues including the special issue for shareholder extracted by the high-level issue extracting means" does not mean that the special issue for shareholder which is not extracted by the high-level issue extracting means is not included in the special offer for shareholder. This is to the effect that brands other than brands may be included. Therefore, when looking at only the stocks with the special treatment for shareholders, it means only the stocks extracted by the high-ranked stock extraction means.
[0017]
In the case where the top issues are extracted in accordance with the ranking based on the shareholder preferential treatment ratio, it is possible to realize a fund management centering on a stock having a high profit margin by the shareholder preferential treatment.
[0018]
In the stock investment trust management system described above, a brand information database that stores courtesy information including the presence or absence of shareholder benefits for a plurality of brands including the stock brand, and a plurality of brands stored in the brand information database. And a shareholder preferential issue extraction means for extracting all issues with shareholder preferential treatment based on the preferential treatment information.The shareholder preferential ratio calculation means calculates the shareholder preferential ratio for all issues extracted by the shareholder preferential issue extractor. It is desirable that the configuration be such that:
[0019]
Here, the "special treatment information" to be stored in the "brand information database" may include, for example, a special treatment product, the number of shares required to receive the special treatment product, etc., in addition to the "whether there is a special treatment for the shareholder". Good. Further, the “brand information database” may include information other than “special treatment information”, for example, a brand name or a brand code.
[0020]
In the case where the shareholder preferential issue extraction means is provided in this way, all the shareholder preferential issues for which the shareholder preferential ratio should be calculated are automatically extracted based on the information on the presence or absence of the shareholder preferential treatment stored in the issue information database. Becomes possible.
[0021]
In the case where information on only the special issue for the shareholder is stored in the brand information database, it is not necessary to provide the above-mentioned means for extracting the special issue for the shareholder.
[0022]
In addition, in the above-mentioned stock investment trust management system, a purchaser database that stores purchaser information including purchase units and desired products for each purchaser for each purchaser, and a plurality of issues including stockholder preferential issues. A brand information database that stores special treatment information including the presence or absence of shareholder special treatment, and a special treatment product allocation unit that allocates special treatment products to each purchaser. The brand information database contains special treatment information for issues with shareholder special treatment. The merchandise and the number of shares required to receive the special merchandise are also stored, and the special merchandise allocation means stores the current stocks and the number of shares of each of these stocks stored in the purchased stock / number of stocks database and the stock information database. Shares owned and managed by the operator based on the preferred product and the number of shares required to receive the preferred product Calculate each preferential product that can be received by the body and its quantity, and send it to each purchaser based on the calculation result and according to the purchaser information including the number of purchases of each purchaser and the desired product stored in the purchaser database. It is desirable to determine the preferential treatment product and the quantity thereof.
[0023]
When the preferential merchandise allocating means is provided in this way, it is possible to automatically determine the preferential merchandise to be sent to each buyer and the number of the preferential merchandise, thereby reducing the trouble of the fund manager.
[0024]
Further, in the case where the preferential merchandise allocating means is provided as described above, the desired merchandise is stored in the purchaser database as the purchaser information together with the desired rank, and the preferential merchandise allocating means sends the desired merchandise to each purchaser according to the desired rank. The preferential merchandise may be determined, and a lottery process may be performed when there is a shortage of preferential merchandise to be sent due to the desired merchandise of each buyer overlapping in the same desired order.
[0025]
In this way, if each buyer is asked to specify the desired product along with the desired ranking and lottery is performed when the wishes overlap, a situation where many wishes are concentrated on some preferential products Can be handled.
[0026]
In the case where the preferential merchandise allocating means is provided as described above, the desired merchandise is stored in the purchaser database as the purchaser information together with the desired rank, and the preferential merchandise allocating means sends the desired merchandise to each purchaser in accordance with the desired rank. In addition to determining preferential products, if there is a shortage of preferential products to be sent due to overlapping of the desired products of each buyer in the same desired order, fund contribution including the number of units purchased and / or fund holding period of each buyer Based on the degree, a configuration may be adopted in which a buyer who sends preferential merchandise having duplicate requests is determined.
[0027]
In this way, if each buyer specifies the desired product along with the desired ranking and if the buyer decides to send the desired duplicate product based on the fund contribution when the wishes overlap, some It is possible to cope with a situation where a large number of applicants are concentrated on the preferential treatment product.
[0028]
Further, as a method of operating a stock investment trust implemented by the above-described investment trust management system of the present invention, there is the following method of operating a stock investment trust of the present invention.
[0029]
That is, the present invention relates to a method for operating a stock investment trust in which a plurality of stocks, including stocks for preferential stockholders, are invested, which are purchased by each buyer's investment and currently held under management by the manager. The stocks of each issue and the number of shares of each issue are stored in the purchase issue / shareholding number database, and the market value information of preferential products of each shareholder special issue is stored in the product market price database, and the preferential product market capitalization is calculated. By means, the market value of each preferential product stored in the commodity market price database is converted into the market capitalization of each preferential product that can be received per predetermined period and per the number of shares, standardized, and then calculated by the shareholder preferential ratio calculation means. , The market capitalization of the product or the sum of the market capitalization plus the dividend and the required number of shares required to receive the preferential product equivalent to this market capitalization The shareholder preferential ratio, which is determined as the value of the total share price, is calculated for each shareholder preferential issue, and the shareholder preferential issue index calculation means uses the shareholder preferential ratio to calculate the value of the stocks of multiple issues including each shareholder preferential issue. By calculating each market capitalization or the weighted average of each market value, a stock index that is an index value for the stock to be invested is calculated, and the portfolio calculation means has already been purchased by each buyer's investment and managed by the manager. The total volume, including the total market value of the underlying holdings and the total amount of new or additional contributions made by each purchaser, is calculated using the shareholder benefit ratio of each shareholder benefit brand and the market capitalization or market value of the shares in this brand. By allocating to multiple issues, including each special issue, based on the distribution ratio calculated by Of the current holdings, the number of shares of each of these issues, and the market value of the current holdings obtained from the market value information of each of these issues by the trading information creation means. Based on the difference between the composition ratio and the portfolio allocation ratio, stock trading information for maintaining the portfolio is created, and then the stock trading transaction is performed based on the created trading information. is there.
[0030]
According to such an investment trust management method of the present invention, the operation and effect obtained by the above-described investment trust management system of the present invention can be obtained as it is, thereby achieving the above object.
[0031]
Further, the present invention is a method for operating a stock investment trust that targets a plurality of stocks including stocks for preferential stockholders, which are purchased by each buyer's investment and currently held under management by the manager. Each stock and the number of shares of each of these stocks are stored in the database of the number of stocks purchased and the number of stocks held. The market capitalization of this product is converted into the market capitalization of this product and stored in the product market capitalization database as a standardized amount, and the amount calculated by adding the dividend to the market capitalization of the product or Each shareholder preferential issue has a shareholder preferential ratio defined as the ratio to the total market value of the specified number of shares required to receive the preferential product equivalent to the market capitalization. The index value for the investment target stock is calculated by calculating the market capitalization or the market value of each of the multiple stocks, including each stock, using each stock ratio, using the stock ratio. Calculate the shareholder preferential stock index, and use the portfolio calculation means to calculate the total market value of the stocks that have already been purchased with the investment of each buyer and that are under management management by the manager, and contribute new or additional by each buyer The total volume, including the total capital investment, is divided into multiple issues, including each special issue, based on the special offer ratio of each special issue and the market capitalization of the shares of this issue or the distribution ratio calculated using the market value. By allocating, build a portfolio linked to the stock index, and Based on the current holdings and the number of shares of each of these stocks stored in the database of purchased stocks and holdings, and the difference between the composition ratio of the current holdings and the allocation ratio of the portfolio obtained from the market value information of each of these stocks, It is characterized in that stock trading information for maintenance is created, and thereafter, stock trading transactions are performed based on the created trading information.
[0032]
In such an investment trust management method of the present invention, in the above-mentioned invention, the market value of the preferential product stored in the product market value database is standardized by being converted into the product market capitalization by the preferential product market capitalization calculating means. On the other hand, the only difference is that the market capitalization database, which has already been converted and standardized, is stored in the market capitalization database. Accordingly, the same operations and effects as those of the above-described invention can be obtained, thereby achieving the above object.
[0033]
In addition, in the above-mentioned method of operating a stock investment trust, when calculating the special stock index by the special stock index calculating means, a portion of the top stocks is selected from the special stocks according to the ranking based on the special share ratio. Of the stocks of multiple issues including each of the extracted top issues using a weighted average of the stock prices of the plurality of issues including each of the extracted top issues, and constructing a portfolio by portfolio calculation means At this time, the total volume may be distributed based on the distribution ratio to a plurality of brands including the extracted top brands.
[0034]
Then, in the above-described stock investment trust management method, preferential treatment information including presence or absence of preferential treatment of stocks for a plurality of issues including the preferential stock issue is stored in the issue information database, and the issue information is extracted by the preferential stock issue extracting means. From among a plurality of issues stored in the database, all issues with shareholder preferential treatment are extracted based on the preferential treatment information, and when the shareholder preferential ratio is calculated by the shareholder preferential ratio calculating means, it is extracted by the shareholder preferential issue extract means. It is desirable to calculate the shareholder benefit ratio for all stocks.
[0035]
In addition, in the above-mentioned method of operating a stock investment trust, in addition to storing purchaser information including the number of units to be purchased by each purchaser and desired products in a purchaser database for each purchaser, a plurality of purchases, including stocks with shareholder special treatments, are stored. The special treatment information including the presence or absence of the special treatment for the shareholder in the brand is stored in the special issue information database, and the special offer information for the special issue with the special shareholder and the special offer product are received in the special issue information database as the special treatment information. The required number of shares is also stored, and the number of shares currently held and the number of shares of each of these brands stored in the database of purchased brands / shares, the number of stocks of each of these brands, and the number of preferential products stored in the brand information database and the number of preferential products are stored by the preferential product allocation means. Can be received for all shares owned and managed by the operator, based on the number of shares required to receive In addition to calculating the preferential products and their quantities, based on the calculation results, the preferential products and their quantities to be sent to each purchaser are sent to each purchaser in accordance with the purchase quantity and purchaser information of each purchaser stored in the purchaser database. It is desirable to decide.
[0036]
Further, in the case of performing the processing by the preferential product allocating means as described above, the desired product is stored in the purchaser database as the purchaser information together with the desired order, and the preferential product to be sent to each purchaser by the preferential product allocating means and When deciding the quantity, determine the preferential products to be sent to each buyer according to the desired order, and if there is a shortage of preferential products to be sent due to overlapping of the desired products of each buyer in the same desired order , A lottery process may be performed.
[0037]
When the processing by the preferential product allocating means is performed as described above, the desired product is stored in the purchaser database as the purchaser information together with the desired order, and the preferential product to be sent to each purchaser by the preferential product allocating means. When deciding the quantity, determine the preferential products to be sent to each buyer according to the desired order, and if there is a shortage of preferential products to be sent due to overlapping of the desired products of each buyer in the same desired order Alternatively, a buyer who sends preferential products with overlapping requests may be determined based on the number of units purchased and / or the fund contribution level including the fund holding period.
[0038]
Further, the present invention is a program for operating a computer as a stock investment trust management system for investing in stocks of a plurality of stocks, including stocks for preferential stockholders. A database of purchased and stored shares that stores each issue and the number of shares of each issue that are currently held under management by the investor, a market value database that stores the market value information of preferential products of each special issue, A preferential merchandise market capitalization calculating means for standardizing by converting the market value of each preferential commodity stored in the commodity market price database into a commodity market capitalization of each preferential commodity which can be received per a predetermined period and per a predetermined number of shares; The market capitalization of the product calculated by the market capitalization calculation means or the amount obtained by adding the dividend to the product market capitalization The shareholder benefit ratio calculation means calculates the shareholder benefit ratio determined as the value of the ratio to the total market value of the specified number of shares required to receive the stock, and the shareholder benefit ratio calculation means Calculate the weighted average of each market capitalization or market value of multiple stocks, including each stock, including the stock price, and calculate the stock index that serves as an index value for the investment target stock. Total volume including the stock index calculation means and the total market value of the shares owned by each purchaser that have already been purchased and managed by the manager, and the total amount of capital newly or additionally contributed by each purchaser Is calculated based on the shareholder preference ratio of each shareholder preference issue and the market capitalization of the shares of this issue or the distribution ratio calculated using the market value. Portfolio calculation means for constructing a portfolio linked to the shareholder preference index by allocating to multiple issues including each shareholder preference issue, as well as the current issues stored in the purchase issue / shareholding number database and each of these Trading information creation means for creating stock trading information for maintaining the portfolio based on the difference between the composition ratio of the currently held stock and the portfolio allocation ratio obtained from the number of stocks of the stock and the market value information of each of these stocks; A computer as a stock investment trust management system characterized by being provided.
[0039]
Further, the present invention is a program for operating a computer as a stock investment trust management system for investing in stocks of a plurality of stocks including stocks for preferential stockholders. Receives the stock price and stock price database that stores the stocks currently held and the number of shares of each stock under the management of the stockholders, and the market value of the special treatment products of each stockholder special offer stock for a predetermined period and for a predetermined number of shares A product market capitalization database that converts the market capitalization of each preferential product into a product market capitalization and stores this market capitalization as a standardized amount, and distributes the product market capitalization or product market capitalization stored in the product market capitalization database And the total market value of the specified number of shares required to receive the preferential product equivalent to the market capitalization of this product Means for calculating the shareholder preferential ratio determined for each shareholder preferential issue, and a plurality of issues including each shareholder preferential issue using each shareholder preferential ratio calculated by the shareholder preferential ratio calculation means. A shareholder preferential issue index calculation means that calculates the shareholder preferential issue index, which is an index value of the investment target stock, by weighing each market capitalization or each market value of the stocks, and has already been purchased and operated by each purchaser's investment Total volume, including the total market value of the shares held under management by the investor and the total amount of new or additional contributions by each purchaser, the shareholder preferential ratio of each shareholder preferential issue and the market capitalization of the shares of this issue Or, by allocating to multiple issues, including each shareholder benefit issue, based on the allocation ratio calculated using market value Portfolio calculation means for constructing a portfolio linked to the shareholder preferential issue index, the current holdings stored in the purchased stocks / number of shares database, the number of shares of each of these issues, and the current holdings obtained from the market value information of each of these issues A stock investment trust management system comprising: a trade information creating means for creating stock trading information for maintaining the portfolio based on a difference between the composition ratio of the stocks and the allocation ratio of the portfolio. It is for making a computer function.
[0040]
The above-described program or a part thereof is, for example, a magneto-optical disk (MO), a read-only memory (CD-ROM) using a compact disk (CD), a CD recordable (CD-R), a CD rewritable disk. (CD-RW), read-only memory (DVD-ROM) using digital versatile disk (DVD), random access memory (DVD-RAM) using DVD, flexible disk (FD), magnetic tape, It can be recorded on a recording medium such as a hard disk, a read-only memory (ROM), an electrically erasable and rewritable read-only memory (EEPROM), a flash memory, a random access memory (RAM), and stored or distributed. Possible and, for example, local area networks LAN, a metropolitan area network (MAN), a wide area network (WAN), a wired network such as the Internet, an intranet, an extranet, or a wireless communication network, or a transmission medium such as a combination thereof. It is also possible to carry on a carrier wave. Furthermore, the program described above may be a part of another program, or may be recorded on a recording medium together with a separate program.
[0041]
BEST MODE FOR CARRYING OUT THE INVENTION
An embodiment of the present invention will be described below with reference to the drawings. FIG. 1 shows a system configuration including a stock investment trust management system 10 of the present embodiment, which is a stock investment trust management system of the present invention. FIG. 2 is an explanatory diagram showing the processing and data flow of the shareholder preferential issue brand fund management system 10. Further, FIG. 3 is a flowchart showing the flow of calculation of the shareholder special issue index by the shareholder special issue fund management system 10 and the construction and maintenance of a portfolio linked to the shareholder special issue index.
[0042]
In FIG. 1, a network 1 includes a shareholder preferential brand fund management system 10, one or a plurality of purchaser terminal devices 50 operated by a purchaser, and one or a plurality of sales person terminal devices 60 operated by a sales person. , A stock price information providing system 70, a stock trading system 80, and an operator terminal device 90 are connected.
[0043]
The network 1 is, for example, the Internet, an intranet or a LAN within a company such as a securities company that is a manager of a fund, an extranet between management company groups, or a combination thereof. Irrespective of whether it is a mixed type of wired and wireless, regardless of the length of the distance. Note that the connection between the shareholder preferential brand fund management system 10 and the stock price information providing system 70 and the connection between the shareholder preferential brand fund management system 10 and the stock trading system 80 may be made by dedicated lines.
[0044]
In FIGS. 1 and 2, the shareholder preferential issue fund management system 10 includes one or a plurality of computers, and includes processing means 20 for performing various processes necessary for fund management, and processing required by the processing means 20. An input unit 11 for inputting various data, and a display unit 12 for displaying a processing result by the processing unit 20 and various information on fund management are provided.
[0045]
In addition, the shareholder preferential issue brand fund operating system 10 includes a purchaser database 41, a brand information database 42, a purchased brand / number of shares database 43, and a product market price as means for storing various data necessary for processing by the processing means 20. The system includes a database 44, a stock index database 45, and a new / additional investment database 46.
[0046]
The processing means 20 includes a purchase application reception processing means 21, a securities issuing means 22, a shareholder preferential issue extracting means 23, a preferential product market capitalization calculating means 24, a stock market price information acquiring means 25, and a shareholder preferential ratio calculating means 26. , A shareholder preferential issue index calculating means 27, a portfolio calculating means 28, a trading information creating means 29, a trading transaction processing means 30, and a preferential product allocating means 31.
[0047]
The purchase application reception processing means 21 is an application for fund purchase from the purchaser terminal device 50 by each purchaser, or an application for fund purchase from the salesperson terminal device 60 by each sales representative who performs input according to the wishes of each purchaser. Is received, various information on the received purchase application is stored in the purchaser database 41 for each purchaser and registered.
[0048]
The securities issuance unit 22 receives the current value of the shareholder preferential issue index calculated by the shareholder preferential issue index calculation unit 27 and stored in the shareholder preferential issue index storage unit 45, and receives and purchases the purchase application reception processing unit 21. From the purchaser's desired number of units stored in the purchaser database 41, the securities of the fund are issued, and the investment of each purchaser corresponding to the issuance of the securities is stored in the new / additional investment database 46. Is performed. Since the amount per unit of the fund varies in proportion to the movement of the stock index, the total amount of each buyer's equity stored in the new / additional equity database 46 is proportional to the stock index. And is proportional to the total number of units purchased.
[0049]
In addition, when each purchaser does not specify the desired number of purchases but makes a purchase application specifying the desired purchase amount, the securities issuing unit 22 is stored and held in the shareholder preferential brand name index storage unit 45. From the current value of the stock index, the number of units (usually a decimal fraction is generated in the unit) corresponding to the desired purchase amount is calculated, securities are issued, and the desired purchase amount is used as a new investment. Perform processing for storing in the additional investment database 46, and further perform processing for storing and registering the calculated number of purchased units in the purchaser database 41.
[0050]
The capital of each purchaser who has issued a security by the security issuing means 22 and stored in the new / additional investment database 46 is the investment newly received at the time of fund establishment (accordingly, the constituent stock / shareholding number database 43). In the case where the held stock stored in (1) is an investment which is received without any stock) and the case where the investment is a capital added afterwards.
[0051]
The shareholder special issue issue extracting means 23 extracts, from the plurality of issues stored in the issue information database 42, all issues with shareholder special offer based on the special offer information (information on whether or not there is shareholder special offer) for each issue. Is what you do. When the brand information database 42 stores information on only the brands with shareholder preferential treatment, the setting of the shareholder preferential issue extractor 23 can be omitted.
[0052]
The preferential merchandise market capitalization calculation means 24 can receive the market value of each preferential commodity stored in the commodity market price database 44 per a predetermined period (for example, one year) or per a predetermined number of shares (for example, 10,000 shares). This is a process for converting the market value of the preferential treatment product into a market capitalization and standardizing the value. At this time, the preferential treatment information of each preferential treatment for each shareholder, which is necessary for calculating the market capitalization, is acquired from the brand information database 42. For example, in the case where Company P gives a gift certificate of 10,000 yen (market value: 10,000 yen) for every 5,000 shares to shareholders who hold 5,000 shares or more once every six months, a predetermined period (one year) The market capitalization of special treatment products that can be received per hit / predetermined number of shares (10,000 shares) is 10,000 yen x 2 (one year converted) x 2 (10,000 shares converted) = 40,000 yen.
[0053]
Also, depending on the brand, the amount of preferential product distribution may not be proportional to the number of shares held, or may be irrelevant to the number of shares held. In these cases, the preferential product market capitalization calculation means 24 is determined by the fund manager. Calculate the valuation value (market capitalization) by applying the unique conversion standard of. For example, a 10,000 yen gift certificate is given to holding more than 10,000 shares, a 30,000 yen gift certificate is given to holding more than 20,000 shares, and 100,000 yen is given to holding more than 30,000 shares. If the value of the gift certificate to be given increases by 100,000 yen every time the number of shares held increases by 10,000 shares, the minimum standard for holding 10,000 shares is The correspondence of giving a gift certificate of 10,000 yen may be adopted, and the market capitalization of the commodity may be calculated based on this minimum standard, or the plurality of correspondences may be averaged to calculate the market capitalization of the commodity.
[0054]
The calculation of the market capitalization of the product is a conversion to the correspondence between the special product and the required number of shares when there is a proportional relationship between the amount of distribution of the special product and the number of shares held. When giving a gift certificate of 10,000 yen per 5,000 shares to a shareholder, the correspondence (proportional relationship) is maintained and converted as it is. For example, if 10,000 shares are held, 20,000 yen It is converted to be able to receive gift certificates. However, if a gift certificate of 10,000 yen is given to a shareholder who holds 5,000 or more shares (the same applies to shareholders who hold more than 5,000 shares), for example, even if they hold 10,000 shares, a product of 20,000 yen Since only a 10,000 yen gift certificate can be received instead of a ticket, the evaluation value (market capitalization) is calculated lower than in the above case.
[0055]
The stock price information obtaining means 25 accesses the stock price information providing system 70 and performs a process of obtaining the stock price information.
[0056]
The shareholder preferential ratio calculating means 26 calculates a shareholder preferential ratio indicating how much preferential treatment can be given to the amount of holding (market value) when a shareholder preferential stock is held. In addition, a process for calculating for each shareholder special issue brand is performed. At this time, the shareholder preferential ratio calculating means 26 calculates the shareholder preferential ratio for all issues with shareholder preferentialness extracted by the shareholder preferential issue extractor 23. Further, as the market value of the stock required for calculating the shareholder benefit ratio, the value acquired by the stock market information acquisition means 25 is used.
[0057]
The shareholder preferential ratio is a value of the ratio of the market capitalization of the commodity calculated by the preferential commodity market capitalization calculation means 24 to the total market capitalization of the predetermined number of shares required to receive the preferential commodity equivalent to the commodity capitalization. Is determined. In other words, the shareholder preferential ratio is calculated by dividing the market capitalization of a preferential product that can be received when a shareholder preferential stock is held for a predetermined period (for example, one year, etc.) and a predetermined number of shares (for example, 10,000 shares, etc.), by the market value × predetermined value. This is a value obtained by dividing by the number of shares (for example, 10,000 shares). For example, in the example of the above-mentioned company P, a gift certificate of 10,000 yen (market value: 10,000 yen) is given to shareholders who hold 5,000 shares or more once every six months. The total market value (the amount converted to one year and holding 10,000 shares) is calculated as 40,000 yen by the total amount calculation means 24. Therefore, assuming that the stock price of Company P is 500 yen per share, the shareholder benefit ratio is calculated as 40000 ÷ (500 × 10000) = 0.008 (0.8%).
[0058]
To include stocks other than stockholders' stocks in the investment target of the fund, the ratio corresponding to the stockholders' share ratio is determined by an appropriate standard (it may be a fixed value), and the stockholders' share ratio to be performed thereafter is set. Is used as a value for convenience in the calculation process using. Therefore, if the stock price fluctuation of stocks other than stockholders 'stocks should not significantly affect stockholders' stock indexes or portfolios linked to them, the ratio value for the convenience of this calculation process should be It may be set to a smaller value than the preferential ratio.
[0059]
The shareholder preferential issue index calculating means 27 uses the shareholder preferential ratio calculated by the shareholder preferential ratio calculating means 26 to calculate the weighted average of the market capitalization of the shares of each issue, thereby obtaining an index value for the stock to be invested. It performs a process of calculating a preferential brand index, and includes a high-rank brand extracting unit 27A, a market capitalization calculating unit 27B, and a weighted average calculating unit 27C.
[0060]
The high-rank issue extracting unit 27A performs a process of extracting some of the high-rank brands from each of the stock-preference brands in accordance with the ranking based on the shareholder-preferential ratio calculated by the shareholder-preferential-ratio calculating unit 26. For example, the top 30 stocks, the top 50 stocks, etc. are extracted. In addition, all shareholder preferential brands may be subjected to index calculation without performing the extraction process by the upper brand extractor 27A.
[0061]
The market capitalization calculating means 27B performs a process of calculating the market capitalization (stock price x number of shares issued) of each stock. At this time, the market value of the stock of each issue required for calculating the market capitalization uses the value acquired by the stock market information acquisition means 25, and the number of issued shares of each issue is acquired from the issue information database 42.
[0062]
The weighted average calculation unit 27C multiplies each stockholder ratio (or ratio) calculated by the stockholder ratio calculation unit 26 by the market capitalization (stock price x number of shares) of each issue calculated by the market capitalization calculation unit 27B. Then, after adding these, a process of dividing by an appropriate number is performed, and the value thus obtained is used as a stock index for stockholders. Further, the calculated shareholder special issue brand index is stored and held in the shareholder special issue brand index storage means 45.
[0063]
[Table 1]

[0064]
Specifically, for example, as shown in Table 1, when calculating the shareholder preferential issue index for the top five issues, if a weighted average is performed using the ratio, 10 billion yen x 0.33 + 1 billion Yen x 0.27 + 5 billion yen x 0.20 + 3 billion yen x 0.13 + 7 billion yen x 0.07 = 5.45 billion yen. If you divide this by 10 million yen, the shareholder special issue index will be 545. Become. The value of 5.45 billion may be used as the index value as it is, but it is preferable to divide by an appropriate number because the number of digits is too large.
[0065]
Here, the ratio is a ratio of each of the shareholder preferential ratios such that the total of the shareholder preferential ratios (the ratio of the top five stocks in the example of Table 1) is one. In the example of 1, the ratio of the top five issues is 0.015, so the ratio of Company A is 0.005 ÷ 0.015 = 0.33. The same applies to companies B to E.
[0066]
Further, in the above example, the index is obtained by dividing 5.45 billion yen by 10 million yen. However, the numerical value (number of divisions) of 10 million yen is not limited to this, and the number of divisions (the above In this example, an appropriate number may be used according to the number of digits of 5.45 billion yen). Therefore, the number to be divided may be determined when the index is set or when the fund is created, and thereafter, the determined value may be used as a fixed value.
[0067]
Further, the value after division may be set to be a sharp value such as 1000 or 10000, and this may be used as the base price of the fund. For example, the market value of stocks of each issue at the time of index setting or fund creation If the weighted average of the shareholder benefit ratio of the total amount is 5 billion yen, this 5 billion yen is divided by 500,000 yen, the index value at this time is 10,000, and thereafter, the value of 10,000 is used as a reference. You may be aware of the movement of stocks that offer special benefits to shareholders. Therefore, when the weighted average value is 5.45 billion yen, the index is 10900.
[0068]
Alternatively, the ratio of the market capitalization of the stocks of each issue to the shareholder preferential ratio weighted average value at a predetermined time may be used as the shareholder preferential issue index. For example, if the weighted average of the shareholder preferential ratio of the market capitalization of the stocks of each issue at the time of setting the index or establishing the fund is 5 billion yen, the value of the index at this time is 1 or 100. Therefore, when the weighted average value is 5.45 billion yen, the index is 1.09 or 109.
[0069]
The portfolio calculation means 28 calculates the total market value of the shares owned by each purchaser that have already been purchased and managed by the manager, and the total amount of capital newly or additionally contributed by each purchaser. By allocating volume to each issue based on the shareholder preference ratio (or ratio) of each issue and the allocation ratio calculated using the market capitalization of the shares of this issue, a portfolio linked to the shareholder preference index can be created. This is the process of building.
[0070]
In calculating the total volume, when calculating the total market value of the stocks that have already been purchased by the investment of each buyer and are under the management of the management by the manager, the total market value of the stocks is stored in the constituent stock / number of stocks database 43. In addition to referring to the data of the currently held shares, the market value information of each issue acquired by the stock market information acquisition means 25 is used when evaluating these currently held shares at the market value. On the other hand, the total amount of capital newly or additionally contributed by each purchaser is grasped by referring to the capital investment data stored in the new / additional capital investment database 46.
[0071]
[Table 2]

[0072]
Specifically, for example, when the distribution ratios to the top five brands A to E in the example of Table 1 described above are calculated, the results shown in Table 2 are obtained. For example, the market capitalization × ratio ratio of Company A is 10 billion yen × 0.33 = 3.3 billion yen from Table 1. The same applies to companies B to E. Then, the total of the market capitalization and the ratio ratio of each of the companies A to E is 5.45 billion yen, so the allocation ratio of the company A to the shares is 3.3 billion yen ÷ 5.45 billion yen = 0. It becomes 61. The same applies to companies B to E. Therefore, the allocation ratio of each of the shares of the companies A to E increases as the shareholder benefit ratio (or ratio) increases, and as the market capitalization of the shares increases, the ratio increases. In other words, for stocks with the same market capitalization, stocks with a larger shareholder benefit ratio (or ratio) will have a higher allocation ratio.
[0073]
Here, for example, assuming that the total volume is 1 billion yen, the amount allocated to each of the shares of companies A to E for this 1 billion yen is the amount shown in the bottom row of Table 2. For example, the amount allocated to the shares of Company A is 1 billion yen (total volume) × 0.61 (the allocation ratio to the shares of Company A) = 6.1 billion yen. The same applies to companies B to E. In this way, the amount of money to be allocated to each of the shares of the companies A to E is determined, and a portfolio linked to the stock index for stockholders is constructed. If the number of issues to be distributed is large compared to the total volume, from the viewpoint of operational efficiency, allocation to specific issues with a low allocation ratio will not be performed, but instead issues to the issues with a higher allocation ratio. The distribution amount may be added.
[0074]
The trading information creating means 29 is configured to distribute the currently held issues stored in the purchased issue / shareholding number database 43 and the number of shares of each issue, the composition ratio of the currently held issues obtained from the market value information of each issue, and the portfolio allocation. Based on the difference from the ratio, processing for creating stock trading information for maintaining the portfolio is performed.
[0075]
[Table 3]

[0076]
Specifically, for example, a table is displayed based on the currently held issues and the number of shares of each issue stored in the purchased issues / number-of-stocks database 43 and the market value information of the shares of each issue acquired by the stock price information acquisition means 25. Suppose that the composition ratio of the stocks currently held as shown in FIG. 3 is obtained. In Table 3, there is no investment stored in the new / additional investment database 46, and the total volume of 1 billion yen is only the total market value of the currently held shares stored in the purchased stock / shares database 43. And
[0077]
Here, in order to maintain a portfolio based on the allocation ratio to each of the shares of the companies A to E shown in Table 2 described above, the total volume allocation amount in the bottom row of Table 2 and the holding amount in Table 3 ( (Market value), and prepares stock trading information for the difference. According to Table 2, the amount allocated to Company D's stock is ¥ 70 million, while as shown in Table 3, Company D's current share is 110 million yen. In order to correct the holding amount (market value) to 70 million yen, information is prepared to sell the company D's shares for 0.4 billion yen. According to Table 2, since Company F has fallen from the top five stocks and is not included in the investment target of the fund, the information to sell all of Company F's 50 million yen share shown in Table 3 is provided. create. Further, according to Table 2, while the amount allocated to E's shares is 990 million yen, as shown in Table 3, E's shares are not currently held. Create information to purchase for ¥ 900 million. Accordingly, as a whole, sales information for 90 million yen and purchase information for 90 million yen are created. It does not take into account commissions, management fees, etc.
[0078]
[Table 4]

[0079]
Further, based on the currently held issues and the number of shares of each issue stored in the purchased issues / number-of-stocks database 43 and the market value information of the shares of each issue acquired by the stock market information acquisition means 25, as shown in Table 4 While the composition ratio of the issues currently held is obtained, the total amount of capital additionally contributed by each purchaser as shown in the bottom row of Table 4 is obtained from the capital investment data stored in the new / additional capital investment database 46. It is assumed that it was obtained. Therefore, in Table 4, the total volume of 1 billion yen is the sum of the current market value of the currently held shares stored in the purchased brand / number of shares database 43 and the total investment amount stored in the new / additional investment database 46. This is the total amount.
[0080]
Here, in order to maintain the portfolio based on the allocation ratio to each of the shares of the companies A to E shown in Table 2 described above, the total volume allocation amount in the bottom row of Table 2 and the holding amount in Table 4 ( (Market value), and prepares stock trading information for the difference. According to Table 2, the amount allocated to Company D's shares is ¥ 70 million, while as shown in Table 4, Company D's shares currently held are ¥ 110 million. In order to correct the holding amount (market value) to 70 million yen, information is prepared to sell the company D's shares for 0.4 billion yen. Also, according to Table 2, Company F has fallen from the top five stocks and is not included in the investment of the fund. create. Furthermore, according to Table 2, the amount allocated to the shares of Company E is 990 million yen, whereas as shown in Table 4, the shares of Company E are not currently held. Create information to purchase for ¥ 900 million. Accordingly, as a whole, sales information for ¥ 80 million and purchase information for ¥ 90 million are created, and the difference of these sales amounts of ¥ 100 million is equivalent to a capital investment of $ 100. It is covered by 100 million yen. It does not take into account commissions, management fees, etc.
[0081]
The trading transaction processing means 30 receives the trading information of the stock created by the trading information creating means 29 from the trading information creating means 29, and accesses the stock trading system 80 based on the received trading information to sell or purchase the stock. An order is placed and stock trading transactions are performed. Further, the trading transaction processing means 30 receives the information after trading from the stock trading system 80, and stores this information in the purchased brand / number of shares database 43.
[0082]
The preferential treatment product allocating means 31 performs processing for allocating preferential treatment products to each purchaser. The preferential product allocating means 31 includes the presently owned brands stored in the purchased brand / number of shares database 43 and the number of shares of each of these brands, and the preferential information stored in the brand information database 42 (distribution time information, preferential product distribution form, The number of shares (1), (2), (3), etc. required to receive the special treatment products (1), (2), (3) ... and the special treatment products (1), (2), (3) ... ) And calculate the number of preferential products that can be received for the entire stock held under management by the manager and the number of such products. The preferential merchandise allocating means 31 sends the preferential merchandise to be sent to each purchaser and the quantity of the merchandise to be sent to each purchaser in accordance with the number of purchases of each purchaser and the purchaser information including the desired merchandise stored in the purchaser database 41 based on the calculation result. To determine.
[0083]
At this time, the preferential merchandise allocating means 31 determines the preferential merchandise to be sent to each purchaser in accordance with the desired order stored as the purchaser information in the purchaser database 41, and in this determination process, determines the desired merchandise of each purchaser. If there is a shortage of preferential products to be sent due to overlapping in the same desired order, a lottery process is performed to determine a purchaser to send the desired products to be duplicated. In addition, when there is a shortage in the preferential product to be sent as described above, the preferential product allocating means 31 determines the desired duplicate product based on the number of funds purchased by each purchaser and / or the fund contribution including the fund holding period. The buyer to be sent may be determined.
[0084]
The purchaser database 41 stores, for each purchaser, purchaser information including information on a purchase application of each purchaser and accumulated information after purchase. Each record constituting the purchaser database 41 includes a purchaser name, the number of units to be purchased (cumulative), the number of units to be purchased, or the amount to be purchased (however, the amount to be purchased is converted into units by the securities issuing unit 22 after the purchase application). .), Desired information and desired order of the goods are stored. It is preferable to store the desired products and the desired ranking at least up to the third desired.
[0085]
The brand information database 42 stores information on stock brands including stocks with special offers to shareholders. Each record constituting the brand information database 42 includes a brand name, a market, a brand code, the number of shares issued, and preferential treatment information (for example, whether or not shareholder preferential treatment, distribution timing information, preferential treatment product distribution form, preferential treatment product (1), preferential treatment product) (1) The number of shares required to receive (1), the special offer (2), the number of shares required to receive the special offer (2), the special offer (3), and the special offer (3) , Etc.) are stored. Here, the preferential product distribution form includes, for example, a method of proportional distribution of the number of shares held (a method in which the amount of distributed preferential products is proportional to the number of shares held), a set number of 1 (a method in which the amount of distributed preferential products is not proportional to the number of shares held). When setting one set of preferential treatment products and the required number of shares to determine the form), setting number 2 (when setting the same two sets), setting number 3 (when setting the same three sets), ..., other (distribution of preferential treatment products) (If the amount is irrelevant to the number of shares held).
[0086]
More specifically, for example, “brand name: Company P, market: TSE, brand code: 12345, number of shares issued: 1 million shares, presence or absence of shareholder benefit: yes, distribution time information: twice a year in June and December, Special offer product distribution form: number of shares held, proportional offer (1): gift certificate of 10,000 yen, required number of shares (1): 5,000 shares, etc. In the case of this example, since the preferential product distribution mode is the number-of-shares-proportional method, only the preferential product (1) and the required number of shares (1) are set. To maintain. Therefore, in the case of this example, a distribution form in which a gift certificate of 10,000 yen per 5,000 shares is given to a shareholder holding 5,000 or more shares, for example, a gift certificate of 20,000 yen is given to a shareholder of 10,000 shares. Is given. In the case of a distribution format in which a gift certificate of 10,000 yen is given to a shareholder who holds 5,000 or more shares (the same applies to shareholders holding more than 5,000 shares), the distribution amount of preferential treatment products is not proportional to the number of shares held ( For example, “number of issues: 1),“ brand name: Company Q, market: OSE, brand code: 45678, number of shares issued: 2 million shares, presence or absence of shareholder benefit: yes, distribution time information: March once a year, Special treatment product distribution form: set number 1, special treatment product (1): gift certificate of 10,000 yen, required number of shares (1): 5,000 shares ", etc.
[0087]
Another example of a system in which the amount of distribution of the preferential product is not proportional to the number of shares held is "..., preferential product distribution form: set number 3, preferential product (1): gift certificate of 10,000 yen, required number of shares (1 ): 10,000 shares, preferential treatment product (2): gift certificate of 30,000 yen, required number of shares (2): 20,000 shares, preferential treatment product (3): gift certificate of 100,000 yen, required number of shares (3): 30,000 Strains ”and the like. In the case of this example, a gift certificate of 10,000 yen is given to holdings of 10,000 shares or more, a gift certificate of 30,000 yen is given to holdings of 20,000 or more shares, and holding of 30,000 shares or more ( The same applies even if you hold more than that.) Further, the method in which the amount of distribution of the preferential product is not proportional to the number of shares held includes a method in which the type of the preferential product is changed according to the number of shares held. For example, "..., preferential product distribution form: set number 3, preferential product ( 1) 10,000 yen gift certificate, required number of shares (1): 10,000 shares, special treatment product (2): N hotel pair accommodation coupon, required number of shares (2): 20,000 shares, special treatment product (3): family Hokkaido travel, required number of shares (3): 30,000 shares ".
[0088]
The information stored in the brand information database 42 is updated periodically, and updated as needed. This update work is performed, for example, by a system administrator such as a securities company, which is a fund manager, using the input means 11 of the system 10 to input update data, or updating the data from the manager terminal device 90 via the network 1. This can be done by inputting and transmitting data.
[0089]
The purchased brand / number-of-stocks database 43 stores each brand that is purchased by each buyer's investment and is currently held under management by the operator, and the number of shares of each of these brands.
[0090]
The merchandise market price database 44 stores the market price information of the special merchandise of each stockholder special brand. Each record constituting the commodity market price database 44 stores a commodity name, a market price of the commodity, and the like. Specifically, for example, “Product name: 10,000 yen gift certificate, market price: 10,000 yen”, “Product name: N hotel pair accommodation ticket, market price: 36,000 yen”, “Product name: family Hokkaido travel, market price: 85,000 yen ". The calculation of the market value may refer to a market price, and when there is no market price, a unique evaluation value by a fund manager may be applied.
[0091]
The information stored in the commodity market price database 44 is updated periodically, and updated as needed. This update work is performed, for example, by a system administrator such as a securities company, which is a fund manager, using the input means 11 of the system 10 to input update data, or updating the data from the manager terminal device 90 via the network 1. This can be done by inputting and transmitting data.
[0092]
The shareholder preferential issue index storage means 45 stores and holds the shareholder preferential issue index calculated by the shareholder preferential issue index calculating means 27.
[0093]
The new / additional investment database 46 stores the investment of each purchaser corresponding to the issuance of the securities of the fund by the securities issuing means 22.
[0094]
The input unit 11 includes, for example, a keyboard and a mouse, and is operated by a system administrator, such as a securities company, which is an operator of the fund to perform various data input operations.
[0095]
The display means 12 is composed of, for example, a liquid crystal display, a CRT display, or the like, and displays information to be referred to when a system administrator such as a securities company, which is a fund operator, performs various data input operations.
[0096]
Various operations required for system management, maintenance, and operation, such as data input operations performed using the input unit 11 and the display unit 12, can also be performed by the operator terminal device 90 via the network 1.
[0097]
Each of the means 21 to 31 included in the processing means 20 is a central processing unit provided inside each computer main body (including not only personal computers but also higher-order models) constituting the system 10. (CPU) and one or a plurality of programs that define the operation procedure of the CPU.
[0098]
The databases 41 to 44 and 46 and the storage means 45 constituting the system 10 are preferably realized by, for example, a hard disk or the like. However, if the storage capacity and the access speed do not cause any problems, a ROM, an EEPROM, or the like can be used. , A flash memory, a RAM, an MO, a CD-ROM, a CD-R, a CD-RW, a DVD-ROM, a DVD-RAM, an FD, a magnetic tape, or a combination thereof.
[0099]
Further, the system 10 is not limited to one realized by one computer or one CPU, but may be realized by performing distributed processing by a plurality of computers or the like. Examples of such distributed processing include, for example, functional distributed processing in which processing performed by each of the units 21 to 31 included in the processing unit 20 is performed in a distributed manner by a plurality of computers, and a plurality of processors ( This includes both cases where a plurality of single-processor machines are used and cases where a multi-processor machine is used.) The form of distributed processing for improving the processing speed in parallel processing is included.
[0100]
The purchaser terminal device 50 is operated by a purchaser of the fund, and is configured by, for example, a computer or the like, and includes input means such as a keyboard and a mouse, and display means such as a liquid crystal display and a CRT display. The purchaser terminal device 50 may be, for example, a mobile phone (including a PHS), a personal digital assistant (PDA), or the like.
[0101]
The salesperson terminal device 60 is used by a salesperson such as a securities company as a fund operator to perform input operations and the like according to the wishes of the fund purchaser. Input means such as a mouse and a mouse, and display means such as a liquid crystal display and a CRT display are provided. Further, the salesperson terminal device 60 may be, for example, a mobile phone (including a PHS), a personal digital assistant (PDA), or the like.
[0102]
The stock price information providing system 70 is a system that provides market value information of stocks of various brands to the shareholder preferential brand fund management system 10 in response to access from the stock market price information acquiring unit 25.
[0103]
The stock trading system 80 is a system for executing stock trading processing in response to access from the trading transaction processing means 30 and transmitting the result to the shareholder preferential issue fund management system 10.
[0104]
The operator terminal device 90 is operated by a system administrator such as a securities company which is an operator of the fund, is constituted by a computer, and has input means such as a keyboard and a mouse, and display means such as a liquid crystal display and a CRT display. And Various operations required for system management, maintenance, and operation such as data input operations performed by the operator terminal device 90 via the network 1 are input directly connected to the processing means 20 of the shareholder preferential issue brand fund operation system 10. It can also be performed using the means 11 and the display means 12.
[0105]
In this embodiment, the shareholder preferential issue index is calculated by the shareholder preferential issue fund management system 10 and a portfolio linked to the shareholder preferential issue index is constructed and maintained as described below. An investment trust is invested in the shares of
[0106]
In FIG. 3, a system administrator such as a securities company, which is a fund manager, activates the shareholder preferential issue brand fund management system 10 and starts preparation for fund management by the system 10 (step S1).
[0107]
First, the system administrator operates the input means 11 of the system 10 or operates the operator terminal device 90 to input necessary data to the brand information database 42 and the commodity market price database 44 (step S2). This input operation is performed periodically or appropriately to update the data.
[0108]
Next, all the issues accompanied by the shareholder preferential treatment are extracted from the plurality of issues stored in the issue information database 42 by the shareholder preferential issue extracting means 23 (step S3).
[0109]
Subsequently, the preferential product market capitalization calculating means 24 uses the preferential information stored in the brand information database 42 to receive the market value of each preferential product stored in the product market price database 44 per predetermined period and per predetermined number of shares. Is converted into the market capitalization of each special treatment product and standardized (step S4).
[0110]
Then, the shareholder preferential ratio is calculated for each shareholder preferential issue by the shareholder preferential ratio calculating means 26 using the commodity market capitalization calculated by the preferential commodity market capitalization calculating means 24 and the stock price acquired by the stock market price information acquiring means 25. (Step S5).
[0111]
Further, the shareholder preferential issue index calculating means 27 stores the shareholder preferential ratio of each issue calculated by the shareholder preferential ratio calculating means 26, the stock price of each issue acquired by the stock market price information acquiring means 25, and the stock information database 42. A stock issue index is calculated using the number of shares issued for each issue (step S6). In addition, the calculated shareholder special issue brand index is stored in the shareholder special issue brand index storage means 45, and is used for processing by the securities issuing means 22. Provided for viewing by sales staff.
[0112]
After that, the portfolio calculation means 28 calculates the total volume from each data stored in the constituent stock / shareholding number database 43 and the new / additional investment database 46, and then calculates using the shareholder preferential ratio and market capitalization of each stock. By allocating the total volume to each issue based on the assigned allocation ratio, a portfolio linked to the shareholder preferential issue index is constructed (step S7).
[0113]
Subsequently, the trading information creating means 29 determines the composition ratio of the currently held stock obtained from the data of the currently held stock stored in the purchased stock / number of stocks database 43 and the stock price of each stock acquired by the stock market information acquisition means 25. Based on the difference from the portfolio allocation ratio calculated by the portfolio calculation means 28, information on stock trading for maintaining the portfolio is created (step S8).
[0114]
Then, based on the trading information created by the trading information creating means 29, the trading transaction processing means 30 accesses the stock trading system 80 to perform stock trading transactions (step S9). As a result, the portfolio calculated by the portfolio calculation means 28 is maintained. Further, the information after trading received from the stock trading system 80 is stored in the purchased brand / number of shares database 43. As described above, a series of processes of calculating the shareholder special issue index by the shareholder special issue fund management system 10 and constructing and maintaining the portfolio linked to the shareholder special issue index are completed (step S10).
[0115]
Although not shown in the drawings, a series of processes in steps S3 to S9 is periodically repeated. Therefore, the portfolio is repeatedly built and maintained in response to the situation where the stock index of stockholders fluctuates due to the change in the stock price of each stockholder's stock, or the situation where the top stocks are replaced due to the change of the stockholder ratio. .
[0116]
On the other hand, when each buyer purchases a fund, the following processing is performed.
[0117]
That is, first, each purchaser operates the purchaser terminal device 50 and inputs various information on the purchase application including the desired number of purchases or the desired purchase amount, the desired product and the desired order, and the shareholder via the network 1. This is sent to the preferential brand fund management system 10. In addition, each salesperson of a securities company or the like, which is a fund operator, operates the salesperson terminal device 60 to input various information related to the purchase application according to the wishes of each purchaser, and performs a system operation via the network 1. 10 may be sent.
[0118]
In the system 10, after the purchase application reception processing means 21 receives various information related to the purchase application transmitted from the purchaser terminal device 50 or the salesperson terminal device 60 via the network 1, and after receiving the fund purchase application, Then, various kinds of information on the accepted purchase application are stored and registered in the purchaser database 41 for each purchaser.
[0119]
Next, the current value of the shareholder preferential issue index stored in the shareholder preferential issue index storage means 45 by the securities issuing means 22 and the desired number of units or purchase wishes of each purchaser stored in the purchaser database 41. Based on the amount, the fund issues securities, and the new / additional equity database 46 stores the capital of each purchaser corresponding to the issue of the security.
[0120]
Then, the data of the investment of each purchaser stored in the new / additional investment database 46 is used in the portfolio calculation processing in step S7 in FIG. 3, and the investment is used in the sales transaction processing in step S9. Used in.
[0121]
According to this embodiment, the following effects can be obtained. That is, since the shareholder preferential issue brand fund management system 10 includes the preferential product market capitalization calculating means 24, the market value of each preferential product stored in the commercial market price database 44 can be standardized to calculate the commercial market capitalization. . Therefore, it is possible to compare the value of the special treatment product of each special treatment brand under the same conditions.
[0122]
In addition, since the shareholder preferential issue brand fund management system 10 includes the shareholder preferential ratio calculating means 26, the shareholder preferential ratio indicating the profit rate by the shareholder preferential treatment using the commodity market capital calculated by the preferential commodity market capital calculating means 24. Can be calculated.
[0123]
Further, since the shareholder preferential issue fund management system 10 includes the shareholder preferential issue index calculating means 27, the shareholder preferential issue index can be calculated using the shareholder preferential ratio calculated by the shareholder preferential ratio calculating means 26. . For example, the calculated stock index for stock index includes, for example, the index “Daiwa court stock index” of all the first-listed stocks with stockholder discount, the index “Mr. The index of the top 50 issues is "Mr. preferential treatment 50", etc., and can function as a new index for grasping the movement of the preferential shareholder issue. Therefore, the stock index can be used to build and maintain a portfolio, and can also be used as a criterion for buying and selling by fund purchasers, securities companies, and other salespeople.
[0124]
Further, since the shareholder preferential issue brand fund management system 10 includes the portfolio calculating means 28, the trade information creating means 29, and the trade transaction processing means 30, it is possible to construct and maintain a portfolio linked to the shareholder preferential issue index. For this reason, it is possible to implement a fund management for investing in stocks with stockholder special treatment.
[0125]
For example, in the example of Table 1 described above, if the stock price of Company A rises and doubles, the market capitalization of Company A changes from 10 billion yen to double 20 billion yen, When the preferential stock index calculating means 27 calculates the preferential stock index again, the value of the index changes from 545 to 875, which is 1.61 times. On the other hand, assuming that the example in Table 2 is the portfolio before correction, the holding amount of the shares of the person A is 6.12 billion yen out of the total volume of 1 billion yen, which is doubled to 12.2 yen. The total volume will increase from 1 billion yen to 1.61 billion yen, which is 1.61 times.
[0126]
Further, since the shareholder preferential issue index calculating means 27 has a configuration including the high-ranking issue extracting means 27A, it extracts some of the higher-ranking issues from each shareholder preferential issue according to the ranking based on the shareholder preferential ratio. be able to. For this reason, it is possible to implement fund management centered on stocks with a high profit margin through shareholder benefits.
[0127]
Since the shareholder preferential issue fund management system 10 includes the shareholder preferential issue extractor 23, the shareholder preferential issue for which the shareholder preferential ratio should be calculated based on the information on the presence or absence of the shareholder preferentiality stored in the issue information database 42. Can be automatically extracted.
[0128]
Further, since the shareholder preferential issue brand fund operation system 10 includes the preferential treatment product allocating means 31, it is possible to automatically determine preferential treatment products to be sent to each purchaser and the quantity thereof. For this reason, the trouble of the fund manager can be reduced.
[0129]
Further, since the desired product is stored in the purchaser database 41 as the purchaser information together with the desired order, the preferential product allocation means 31 can determine the preferential product to be sent to each purchaser according to the desired order. it can. At this time, the preferential product allocation means 31 has a function of performing a lottery process when the desired products of the buyers overlap in the same desired order, so that a large number of applicants concentrate on some preferential products. Such a situation can be dealt with, and the processing for determining preferential products to be sent to each purchaser can be smoothly performed. In the case where the requests overlap as described above, the preferential product allocation means 31 determines the buyer to whom the desired duplicate product is to be sent based on the number of purchased units of each purchaser and / or the fund contribution including the fund holding period. Also, the same effect can be obtained.
[0130]
It should be noted that the present invention is not limited to the above embodiment, and modifications and the like within a range that can achieve the object of the present invention are included in the present invention.
[0131]
That is, in the above-described embodiment, the preferential merchandise market capitalization calculating means 24 is configured to standardize the market value of each preferential commodity stored in the commodity market price database 44 to calculate the commodity market capitalization. It is also possible to adopt a configuration in which the price is calculated in advance and stored in the market capitalization database, and this is used for the processing by the shareholder benefit ratio calculating means 26.
[0132]
Further, in the above embodiment, when calculating the shareholder preferential ratio by the shareholder preferential ratio calculating means 26, the total market value of the number of shares of a predetermined number of shares required to receive the preferential product corresponding to the commodity market capitalization is calculated. Although the ratio value to the value was used, the shareholder preferential ratio in the present invention is calculated by adding the dividend to the market capitalization of the product and the specified number of shares required to receive the preferential product equivalent to the market capitalization of the product. May be calculated as a value of the ratio to the total market value of the market prices.
[0133]
Furthermore, in the above-described embodiment, when calculating the index by the shareholder preferential issue index calculating means 27, the market capitalization is weighted using the shareholder preferential ratio, but instead of the market capitalization, the market price is averaged. You may. The same applies when the portfolio calculation means 28 calculates the portfolio allocation ratio. However, it is preferable to use the market capitalization instead of the market price from the viewpoint of calculating an index that more accurately indicates the movement of stockholders' preferential stocks and constructing a portfolio linked to the index.
[0134]
【The invention's effect】
As described above, according to the present invention, the shareholder preferential ratio calculating means calculates the shareholder preferential ratio indicating the profit margin by the shareholder preferential treatment, and the shareholder preferential issue index calculating means uses the shareholder preferential treatment ratio to calculate the shareholder preferential treatment ratio. The stock index is calculated, and the portfolio calculation means and the trading information creation means build and maintain a portfolio linked to this stock index, which is a new index that allows investors to grasp the movement of stocks with stockholders. In addition to the above, the present invention has an effect that a stock index linked to the stock index can be presented, a portfolio linked to the stock index can be constructed, and a fund management that targets stocks of the stock index can be realized.
[Brief description of the drawings]
FIG. 1 is a system configuration diagram including a shareholder preferential issue brand fund operation system according to an embodiment of the present invention.
FIG. 2 is an explanatory diagram showing the flow of processing and data of a shareholder preferential issue fund management system of the embodiment.
FIG. 3 is a flowchart showing a flow of calculating a shareholder special issue index by the shareholder special issue fund management system of the embodiment, and constructing and maintaining a portfolio linked to the shareholder special issue index;
[Explanation of symbols]
10 Stock investment trust management system which is a stock investment trust management system
23 Means of extracting stocks for shareholder benefits
24 Means for calculating market capitalization of special offers
26 Ratio Calculation Method
27 Means of calculating stock index
27A Top Brand Extraction Means
28 Portfolio calculation means
29 Trading information creation means
31 preferential product allocation means
41 Buyer Database
42 Brand Information Database
43 Purchased Stock / Shareholding Database
44 Product Price Database

Claims (16)

A stock investment trust management system for investing in stocks of a plurality of stocks, including stocks for stockholders,
A purchase issue / holding number database that stores each issue and the number of shares of each issue that are purchased by the investor's investment and are currently held under management by the manager;
A merchandise market price database storing market price information of the special treatment products of the respective shareholder special treatment brands,
A preferential merchandise market capitalization calculating means for converting the fair value of each preferential commodity stored in the commodity market price database into a commodity market capitalization of each preferential commodity that can be received per predetermined period and per a predetermined number of shares, and standardizing the value;
The market capitalization calculated by the preferential merchandise market capitalization calculating means or the sum of the commercial capitalization of the merchandise plus a dividend and the total market capitalization of the predetermined number of shares required to receive the preferential merchandise equivalent to the commercial capitalization. A shareholder benefit ratio calculated by calculating a shareholder benefit ratio determined as a value of a ratio with respect to the value for each of the shareholder benefit brands;
The index value for the investment target stock is calculated by averaging each market capitalization or each market value of a plurality of stocks including each of the stocks with the shareholder benefit using the respective shareholder benefit ratio calculated by the shareholder benefit ratio calculation means. Means for calculating a shareholder preferential issue index,
The total volume including the total market value of the stocks already owned by the purchaser's investment and under the management of the manager by the manager and the total amount of capital newly or additionally contributed by the purchaser, By allocating to a plurality of issues including each of the shareholder preferential issues, based on the shareholder preferential ratio of each shareholder preferential issue and a distribution ratio calculated using the market capitalization or market value of the shares of the issue, the shareholder preferential issue Portfolio calculation means for building a portfolio linked to the index;
Based on the difference between the currently held stock and the number of shares of each of these stocks stored in the purchased stock / number of stocks database and the composition ratio of the currently held stock obtained from the market value information of each of these stocks and the allocation ratio of the portfolio, A stock investment trust management system, comprising: trading information creating means for creating stock trading information for maintaining the portfolio. A stock investment trust management system for investing in stocks of a plurality of stocks, including stocks for stockholders,
A purchase issue / holding number database that stores each issue and the number of shares of each issue that are purchased by the investor's investment and are currently held under management by the manager;
The market value of the special treatment product of each of the special treatment products for each shareholder is converted into the market capitalization of the special treatment product which can be received per a predetermined period and a predetermined number of shares, and the market capitalization of the product is stored as a standardized amount. Database and
The market capitalization of the product or the sum of the market capitalization of the product plus the dividend stored in the database of the market capitalization of the product and the total market value of the shares for the predetermined number of shares required to receive the preferential product equivalent to the market capitalization of the product A shareholder preferential ratio determined as a value of the ratio, a shareholder preferential ratio calculating means for calculating each shareholder preferential issue,
The index value for the investment target stock is calculated by averaging each market capitalization or each market value of a plurality of stocks including each of the stocks with the shareholder benefit using the respective shareholder benefit ratio calculated by the shareholder benefit ratio calculation means. Means for calculating a shareholder preferential issue index,
The total volume including the total market value of the stocks already owned by the purchaser's investment and under the management of the manager by the manager and the total amount of capital newly or additionally contributed by the purchaser, By allocating to a plurality of issues including each of the shareholder preferential issues, based on the shareholder preferential ratio of each shareholder preferential issue and a distribution ratio calculated using the market capitalization or market value of the shares of the issue, the shareholder preferential issue Portfolio calculation means for building a portfolio linked to the index;
The difference between the currently held stocks stored in the purchased stock / number of stocks database, the number of shares of each of these stocks, and the composition ratio of the currently held stocks obtained from the market value information of each of these stocks and the allocation ratio of the portfolio. And a trading information creating means for creating trading information of stocks for maintaining the portfolio based on the stock investment trust management system. The shareholder special issue index calculation means,
It is configured to include a high-ranking issue extracting means for extracting a high-order partial issue from the respective shareholder-prioritizing issues according to the ranking based on the shareholder-preferential ratio,
The portfolio calculation means,
2. The portfolio is constructed by allocating the total volume based on a distribution ratio to a plurality of brands including stockholders' special brands extracted by the top brand extracting unit. 2. The investment trust management system according to 2. A brand information database that stores courtesy information including the presence or absence of shareholder benefits for a plurality of issues including the shareholder benefit brand,
A shareholder preferential issue extraction means for extracting all issues with shareholder preferential treatment based on the preferential information from the plurality of issues stored in the issue information database,
The shareholder benefit ratio calculating means,
The stock investment trust management system according to any one of claims 1 to 3, wherein the shareholder preferential ratio is calculated for all of the issues extracted by the shareholder preferential issue extraction means. A purchaser database storing, for each purchaser, purchaser information including the number of purchased units and desired products of each purchaser;
A brand information database that stores courtesy information including the presence or absence of shareholder benefits for a plurality of issues including the shareholder benefit brand,
A preferential product allocating means for allocating the preferential product to each of the buyers,
In the brand information database,
As the preferential treatment information, preferential treatment products for stocks with shareholder preferential treatment and the number of shares required to receive the preferential treatment products are also stored,
The preferential product allocation means,
Based on the currently held issues and the number of shares of each of these issues stored in the purchased issues / number of shares database, and the number of shares required to receive the preferential products and the preferential products stored in the issue information database. Calculate the preferential products and their quantities that can be received by the entire stock held under the management of the manager, and based on the calculation results, the number of purchases and the number of purchases of each purchaser stored in the purchaser database. The stock investment trust management system according to any one of claims 1 to 4, wherein a preferential treatment product to be sent to each purchaser and a quantity thereof are determined according to purchaser information including a product. The buyer database contains:
The desired product is stored as the purchaser information together with a desired ranking,
The preferential product allocation means,
A configuration in which preferential merchandise to be sent to each of the buyers is determined according to the desired order, and a lottery process is performed when there is a shortage of preferential merchandise to be sent due to the desired merchandise of each buyer overlapping in the same desired order. The stock investment trust management system according to claim 5, wherein: The buyer database contains:
The desired product is stored as the purchaser information together with a desired ranking,
The preferential product allocation means,
The preferred products to be sent to the buyers are determined according to the desired order. 6. A stock investment trust according to claim 5, wherein a buyer who sends preferential products with overlapping requests is determined based on the number of units purchased and / or the fund contribution including the fund holding period. Management system. A method of operating a stock investment trust in which a plurality of stocks, including stockholders' stocks, are invested,
Store each issue and the number of shares of each issue currently purchased under the investment management of the purchaser and under the management of the manager in the purchase issue / shareholding number database,
The market value information of the special treatment product of each shareholder special treatment brand is stored in the commodity current price database,
The preferential merchandise market capitalization calculating means converts the market value of each preferential commodity stored in the commodity market price database into a commodity market capitalization of each preferential commodity that can be received per a predetermined period and per a predetermined number of shares, and standardized. rear,
The shareholder courtesy ratio calculation means calculates the market capitalization of the product or the sum of the market capitalization of the product plus a dividend and the total market value of the shares for the predetermined number of shares required to receive a special offer equivalent to the market capitalization of the product. Calculate the shareholder benefit ratio determined as the value of the ratio for each of the above shareholder benefit brands,
The shareholder preferential issue index calculating means uses the respective shareholder preferential ratios to obtain a weighted average of the respective market capitalizations or respective market prices of a plurality of stocks including the respective shareholder preferential issues, thereby providing an index value for the investment target stock. Calculate the stock index
The portfolio calculation means includes the total market value of the stocks already owned by the purchasers and owned by the manager and managed by the manager, and the total amount of capital newly or additionally contributed by the buyers. By allocating a total volume to a plurality of issues including each of the shareholder preferential issues, based on the shareholder preferential ratio of each of the shareholder preferential issues and an allocation ratio calculated using the market capitalization or market value of the shares of the issue. , Build a portfolio linked to the shareholder benefit index,
The presently-issued stock and the number of shares of each of these issues and the composition ratio of the currently-held issue obtained from the market value information of each of these issues and the allocation ratio of the portfolio by the trading information creating means. Based on the difference between, and create trading information of stocks to maintain the portfolio,
Thereafter, a stock trading transaction management method is performed, based on the created trading information, wherein stock trading transactions are performed. A method of operating a stock investment trust in which a plurality of stocks, including stockholders' stocks, are invested,
Store each issue and the number of shares of each issue currently purchased under the investment management of the purchaser and under the management of the manager in the purchase issue / shareholding number database,
The market value of the special treatment product of each shareholder special treatment brand is converted into the product market capitalization of each special treatment product that can be received per a predetermined period and a predetermined number of shares, and the product market capitalization is standardized to the product market capitalization database. Remember,
The shareholder courtesy ratio calculation means calculates the market capitalization of the product or the sum of the market capitalization of the product plus a dividend and the total market value of the shares for the predetermined number of shares required to receive a special offer equivalent to the market capitalization of the product. Calculate the shareholder benefit ratio determined as the value of the ratio for each of the above shareholder benefit brands,
The shareholder preferential issue index calculating means uses the respective shareholder preferential ratios to obtain a weighted average of the respective market capitalizations or respective market prices of a plurality of stocks including the respective shareholder preferential issues, thereby providing an index value for the investment target stock. Calculate the stock index
The portfolio calculation means includes the total market value of the stocks already owned by the purchasers and owned by the manager and managed by the manager, and the total amount of capital newly or additionally contributed by the buyers. By allocating a total volume to a plurality of issues including each of the shareholder preferential issues, based on the shareholder preferential ratio of each of the shareholder preferential issues and an allocation ratio calculated using the market capitalization or market value of the shares of the issue. , Build a portfolio linked to the shareholder benefit index,
The presently-issued stock and the number of shares of each of these issues and the composition ratio of the currently-held issue obtained from the market value information of each of these issues and the allocation ratio of the portfolio by the trading information creating means. Based on the difference between, and create trading information of stocks to maintain the portfolio,
Thereafter, a stock trading transaction management method is performed, based on the created trading information, wherein stock trading transactions are performed. When calculating the shareholder preferential issue index by the shareholder preferential issue index calculating means,
A plurality of issues including the extracted high-ranked issues are extracted from the high-priority issues from the respective high-priority issues according to the ranking based on the high-priority rates, and the extracted high-ranking issues are used for the high-ranking issues. Weighted average of each market capitalization or market value of
When constructing the portfolio by the portfolio calculation means,
The stock investment trust management method according to claim 8 or 9, wherein the total volume is distributed based on a distribution ratio to a plurality of brands including the extracted top brands. Preferential information including the presence or absence of shareholder preferential treatment for a plurality of issues including the shareholder preferential issue is stored in the issue information database,
By the shareholder preferential issue extraction means, all the issues with shareholder preferential treatment are extracted from the plurality of issues stored in the issue information database based on the preferential treatment information,
When calculating the shareholder preferential ratio by the shareholder preferential ratio calculating means,
The stock investment trust management method according to any one of claims 8 to 10, wherein the shareholder preferential ratio is calculated for all the issues extracted by the shareholder preferential issue extraction means. Store the purchaser information including the number of purchases of each purchaser and the desired product in the purchaser database for each purchaser,
Preference information including the presence or absence of shareholder preferential treatment for a plurality of issues including the shareholder preferential issue is stored in the issue information database. Remember the product and the number of shares required to receive this special offer,
The preferential product allocating means is used to receive the presently held brands and the number of shares of each of these brands stored in the purchased brands / number of shares database, and the preferential products and the preferential products stored in the brand information database. Based on the number of shares, each preferential product and its quantity that can be received by the entire owned shares under the management of the manager are calculated, and based on the calculation result, each of the purchases stored in the purchaser database is calculated. The investment trust management method according to any one of claims 8 to 11, wherein the preferential merchandise to be sent to each of the buyers and the quantity of the preferential merchandise are determined according to the purchaser information including the number of units purchased and the desired merchandise. The desired product is stored in the purchaser database as the purchaser information together with a desired order,
When determining the preferential merchandise to be sent to each buyer and the quantity thereof by the preferential merchandise allocating means,
A preferential product to be sent to each of the buyers is determined according to the desired order, and a lottery process is performed when there is a shortage of preferential products to be sent due to overlapping of desired products of the respective buyers in the same desired order. The method for operating a stock investment trust according to claim 12, wherein: The desired product is stored in the purchaser database as the purchaser information together with a desired order,
When determining the preferential merchandise to be sent to each buyer and the quantity thereof by the preferential merchandise allocating means,
In addition to determining preferential products to be sent to each of the buyers according to the desired order, if there is a shortage of preferential products to be sent due to overlapping of desired products of the respective buyers in the same desired order, each of the purchases is The investment investment trust management method according to claim 12, wherein a buyer who sends preferential products with overlapping requests is determined on the basis of the number of units purchased by the buyer and / or the fund contribution including the fund holding period. A program for operating a computer as a stock investment trust management system for investing in a plurality of stocks, including stocks for stockholders,
A purchase issue / holding number database that stores each issue and the number of shares of each issue that are purchased by the investor's investment and are currently held under management by the manager;
A merchandise market price database storing market price information of the special treatment products of the respective shareholder special treatment brands,
A preferential merchandise market capitalization calculating means for converting the fair value of each preferential commodity stored in the commodity market price database into a commodity market capitalization of each preferential commodity that can be received per predetermined period and per a predetermined number of shares, and standardizing the value;
The market capitalization calculated by the preferential merchandise market capitalization calculating means or the sum of the commercial capitalization of the merchandise plus a dividend and the total market capitalization of the predetermined number of shares required to receive the preferential merchandise equivalent to the commercial capitalization. A shareholder benefit ratio calculated by calculating a shareholder benefit ratio determined as a value of a ratio with respect to the value for each of the shareholder benefit brands;
The index value for the investment target stock is calculated by averaging each market capitalization or each market value of a plurality of stocks including each of the stocks with the shareholder benefit using the respective shareholder benefit ratio calculated by the shareholder benefit ratio calculation means. Means for calculating a shareholder preferential issue index,
The total volume including the total market value of the stocks already owned by the purchaser's investment and under the management of the manager by the manager and the total amount of capital newly or additionally contributed by the purchaser, By allocating to a plurality of issues including each of the shareholder preferential issues, based on the shareholder preferential ratio of each shareholder preferential issue and a distribution ratio calculated using the market capitalization or market value of the shares of the issue, the shareholder preferential issue Portfolio calculation means for building a portfolio linked to the index;
Based on the difference between the currently held stock and the number of shares of each of these stocks stored in the purchased stock / number of stocks database and the composition ratio of the currently held stock obtained from the market value information of each of these stocks and the allocation ratio of the portfolio, A program for causing a computer to function as a stock investment trust management system, comprising: trading information creating means for creating stock trading information for maintaining the portfolio. A program for operating a computer as a stock investment trust management system for investing in a plurality of stocks, including stocks for stockholders,
A purchase issue / holding number database that stores each issue and the number of shares of each issue that are purchased by the investor's investment and are currently held under management by the manager;
The market value of the special treatment product of each of the special treatment products for each shareholder is converted into the market capitalization of the special treatment product which can be received per a predetermined period and a predetermined number of shares, and the market capitalization of the product is stored as a standardized amount. Database and
The market capitalization of the product or the sum of the market capitalization of the product plus the dividend stored in the database of the market capitalization of the product and the total market value of the shares for the predetermined number of shares required to receive the preferential product equivalent to the market capitalization of the product A shareholder preferential ratio determined as a value of the ratio, a shareholder preferential ratio calculating means for calculating each shareholder preferential issue,
The index value for the investment target stock is calculated by averaging each market capitalization or each market value of a plurality of stocks including each of the stocks with the shareholder benefit using the respective shareholder benefit ratio calculated by the shareholder benefit ratio calculation means. Means for calculating a shareholder preferential issue index,
The total volume including the total market value of the stocks already owned by the purchaser's investment and under the management of the manager by the manager and the total amount of capital newly or additionally contributed by the purchaser, By allocating to a plurality of issues including each of the shareholder preferential issues, based on the shareholder preferential ratio of each shareholder preferential issue and a distribution ratio calculated using the market capitalization or market value of the shares of the issue, the shareholder preferential issue Portfolio calculation means for building a portfolio linked to the index;
The difference between the currently held stocks stored in the purchased stock / number of stocks database, the number of shares of each of these stocks, and the composition ratio of the currently held stocks obtained from the market value information of each of these stocks and the allocation ratio of the portfolio. A program for causing a computer to function as a stock investment trust management system, comprising: trading information creating means for creating stock trading information for maintaining the portfolio based on the above.

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