Contract type is an agency investment behavior organized based on certain contract principles. It consists of three parties: the client, the beneficiary and the trustee. The trustor is the setter of fund investment, that is, setting up and organizing various funds, issuing beneficiary securities, handing over the raised funds to the trustee for management, and at the same time making specific investment use of the raised funds.

Corporate fund refers to a profit-oriented joint-stock investment company established by investors for the same investment goal, and the assets of the company are invested in securities investment funds. Corporate funds raise funds by issuing stocks, which is an economic organization with legal personality.

2. Different characteristics

The establishment procedure of a fund is similar to that of a general joint-stock company, and the fund itself is an independent legal person. But unlike common joint-stock companies, it entrusts fund management companies as professional financial consultants or managers to operate and manage fund assets.

Contract funds have no board of directors. The fund manager company sets up the fund itself as the entrusting company, and employs the manager to manage the operation and operation of the fund by himself or again. Usually, securities companies or underwriting companies handle the issuance, transaction, transfer, transaction, profit distribution, repayment and payment of income and principal and interest on behalf of beneficiary certificates.

3. Different investment states

As the beneficiary of trust deed's regulations, investors of contract funds usually have no say in the important investment decisions made by how to use the funds; Investors of company funds, as shareholders of the company, have the right to examine and approve major decisions of the company and express their opinions.

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