Securities investment fund is a kind of investment income certificate. A joint stock limited company issues shares to investors when raising capital.

Stock. There is an essential difference between the two.

1, reflecting different relationships. Stocks reflect ownership relations, while securities investment funds reflect trust relations.

2. Different operational inputs. Stock is a financing tool, and the funds raised are mainly invested in industry, which is a direct investment method.

. Securities investment fund is a kind of trust tool, and its raised funds are mainly invested in securities, which is an indirect investment method.

3. Risks and benefits are different. The return of stock is uncertain, and its return depends on the operating efficiency of the issuing company.

Investing in stocks is risky. Securities investment funds adopt portfolio investment, which can spread risks to a certain extent.

Less than stocks, and the income is more stable than stocks.

4. Different ways of investment recovery. There is no expiration date for stocks, and stock investors cannot ask for withdrawal. If investors want to change,

Now, it can only be sold in the secondary market. Investors of open-end funds can redeem their fund shares according to their net assets and close them.

Investors of fund funds are not allowed to redeem fund shares during the duration of the fund. If they want to realize it, they can only do it on the exchange or over the counter.

It is sold in the market, but investors can get a discount on the investment principal when it expires.

Two. Securities investment funds and bonds

Bonds are issued directly to investors by the government, financial institutions, industrial and commercial enterprises and other institutions, and they promise to pay at a certain interest rate.

Creditor's rights and debt certificates that pay interest and repay the principal according to the agreed conditions. The differences between securities investment funds and bonds are as follows.

Aspects:

1, reflecting different relationships. Bonds reflect the relationship between creditor's rights and debts, while securities investment funds reflect the trust relationship.

As a shareholder's equity certificate, stocks can enjoy irregular dividends. Of course, at present, it can mainly be transferred at a premium and cannot be returned. As a loan certificate, bonds can be repaid with fixed interest within a specified period, and of course they can also be transferred as transaction collateral; There are also bonds that can be converted into stocks; A fund means that you give cash to people or organizations that you trust to take care of, and let experts help you make money. If you earn more, you can return the money with interest. The fund mainly invests in capital markets such as stock market and futures. Stocks and funds do not guarantee capital preservation and profit. If losses occur, bonds have a fixed interest rate, but it is not high. In the case of bankruptcy, they can only participate in the lowest distribution.

The risk-return level is equity fund >; bond