The investment of fund companies is mainly divided into three parts: Public Offering of Fund, special account (contingent) and QDII. Public offering funds are issued to the public. Generally, if the fund scale is large, the fund manager's treatment will be higher. Special accounts are divided into one-to-one accounts (starting point is 30 million) and one-to-many accounts (starting point is 654.38+00,000, the number of people is limited); QDII is not explained here. All three items you asked exist. Fund managers of public offerings and investment managers of special accounts belong to different departments. At present, the scale of the fund is generally large and the treatment is obviously higher.