Securities investment fund refers to an investment tool that forms an independent fund property by selling the funds raised by fund shares, which is managed by the fund manager and the fund custodian, and makes securities investment in the form of portfolio, and the fund share holders enjoy the benefits and bear the risks according to their shares.
Extended data:
The characteristics of securities investment funds:
1, the securities investment fund is a collective investment system:
Securities investment fund is a kind of overall portfolio investment, which collects huge funds from investors and establishes investment management companies for professional management and operation. Under this system, the operation of funds is subject to multiple supervision.
2, the securities investment fund is a way of trust investment:
Like the general financial trust relationship, securities investment funds mainly consist of three parties: the principal, the trustee and the beneficiary, among which there is a trust deed between the trustee and the principal. However, as a form of financial trust business, securities funds have their own characteristics.
For example, there is an indispensable custodian in the main body engaged in securities investment, which cannot be held by the same institution as the trustee (fund management company), and the fund custodian is generally a legal person; Fund managers don't use each investor's funds separately, but gather them together to form a huge sum and then operate.
3, the securities investment fund is a financial intermediary:
Securities investment funds exist between investors and investment objects, and through specialized institutions, they can transform investors' funds into financial assets and reinvest them in financial markets, thus realizing the appreciation of monetary assets. Managers of securities investment funds have the responsibility to manage the funds invested by investors, and must determine the investment of funds according to the requirements of contracts (or contracts) to ensure the safety of investors' funds and maximize the benefits.
4, the securities investment fund is a kind of securities investment tools:
The certificates issued by securities investment funds, that is, fund certificates (or beneficiary certificates, fund shares and fund shares), together with stocks and bonds, constitute three major types of securities. Investors complete their investment behavior by purchasing fund bonds, share the investment income of securities investment funds and bear the investment risks of securities investment funds.
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