1. Investment field: Securities investment funds mainly invest in securities, and the investment fields of trust products are more extensive, such as real estate investment, securities investment and enterprise equity investment.

2. Regulator: Securities investment funds are regulated by CSRC, and trusts are regulated by CBRC;

3. Management subject: securities investment funds are managed by fund management companies and funds are managed by fund custodians (commercial banks); The trust is directly managed by the trust company.

Trust is a legal arrangement, under which you (the client) hand over the ownership of the property to others (the trustee), and others manage the property and hand over the operating income to the person (the beneficiary) you designate. As for how the trustee operates, it depends on the law on which the trust is based and the agreement in the legal documents of the trust.

A fund is an investment arrangement, that is to say, a group of people (either a minority or an unspecified public) put money together in a certain form, invest in a certain way and enjoy the benefits. There are many options for "a certain form" here, which may be a company, a partnership or a trust.

According to different standards, securities investment funds can be divided into different types:

(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.

References:

Baidu encyclopedia entry fund