Jun 23rd, 22:23 VRDIF Real Estate & Development Index ETF
by Redd Oconnell

SL's first Real Estate & Development Sector ETF (VRDIF)

Today I'm thrilled to have the support of the staff of Ancapistan Capital Exchange (ACE) and Verve Financial Services (VFS) to launch the first in a series of sector tracking ETF’s in existence in Second Life, in Real Estate & Development Index ETF (managed by Verve Financial Services) with the ticker symbol of VRDIF.

Once the IPO is completed (currently planned for a 30 day run via the IPO process), the funds from the IPO will be invested into the “major player” stocks trading on all the exchanges that fall within the Real Estate & Development Sector. The intention here is for this ETF to serve as a sector index fund that tracks the overall market activity of the major companies within the Real Estate & Development sector that trade on the various virtual exchanges of Second Life

It will also operate very similar to the real-life ETF's in that it will be open-ended (which will allow the number of publicly trades shares to expand and contract based off of market supply and demand dynamics) and have a self-correction factor that will keep its "share" value in line with its NAV (Net Asset Value of its holdings).

We will strive to launch more investment products (13 have been launched today, with 6 of them currently available via the IPO process at the Ancapistan Capital Exchange (http://www.ace-exchange.com/ipo) as time permits in the coming months and once things are running smoothly and our core products are operating then we will also launch the IPO of Verve Financial Services as we take it public.

Information on all of our current products and services are available through our web site at: http://www.vfs-sl.com or a briefer version can be found at our headquarters at: http://slurl.com/secondlife/Venture%20Square/172/125/33 or feel free to contact Redd Oconnell via IM or by email at ReddOconnell@gmail.com

In the coming months our website above will have added functionality added to it, as we have big plans and a dedicated team working on setting a new paradigm in investing in SL to match more of what is possible in the real world capital markets.