Securities investment fund is a kind of collective securities investment model with * * * returns and * * risks, that is, investors' funds are pooled by issuing fund shares, managed by fund custodians, managed and used by fund managers, and invested in financial instruments such as stocks and bonds.
Stock is a certificate issued by a joint-stock company to prove the shares held by shareholders, and it is the form of company shares. Investors become the owners of the issuing company by buying shares, get operating income according to their shareholding shares and participate in major decision-making voting.
Bonds refer to securities issued in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. Its characteristics are fixed income and less risk.
Compared with stocks and bonds, securities investment funds have the following differences.
(1) Investors have different status. Shareholders are shareholders of the company and have the right to express their opinions on major decisions of the company; The bondholder is the creditor of the bond issuer and has the right to recover the due principal and interest; The fund unit holder is the beneficiary of the fund, which reflects the trust relationship.
(2) The degree of risk is different. Generally speaking, the risk of stocks is greater than that of funds. For small and medium-sized investors, due to the limitation of total disposable assets, they can only invest directly in small ones.
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