To answer this question, it is necessary for us to understand the custody mode of fund assets and see if the fund company will easily take away the assets. Of course, there are also some issues related to safety and risk that need to be understood.
The "safe" is not in the fund company
Although fund companies have raised a lot of investors' funds and concentrated on investment management, these funds are not in the pockets of fund companies.
According to the regulations of China Securities Regulatory Commission, in order to ensure the safety of fund assets and the professionalism of fund operation, the management and custody of fund assets are separated, that is, the fund manager is responsible for the investment operation and management of the fund, and the fund custodian is responsible for the custody of fund assets and the entry and exit of funds. The responsibilities of the fund custodian are mainly embodied in the custody of fund assets, fund settlement, accounting review and supervision of fund investment operation. Moreover, the funds deposited in the custodian bank are stored in the form of independent fund accounts, and the fund manager and the creditors of the fund custodian have no claim on the fund assets.
More commonly, fund companies and fund managers are only responsible for trading operations, while banks are responsible for bookkeeping and financial management. So when we look at the annual performance report of the fund, we will see the "custody fee", which is generally 0.25%. Also, even if the fund management company or even the custodian bank goes bankrupt, the debt collectors have no right to touch the assets of the fund special account, because this special account is independent and belongs to all fund investors.
Of course, every fund management company must obtain a "birth certificate" from the CSRC to be legal. The above-mentioned "safe box" is only valid for legitimate funds, and those funds sold through illegal channels should never be touched.