1, reflecting different economic relations:
(1) Capital: Capital reflects a trust relationship. Investors become the beneficiaries of the fund after purchasing fund shares, while fund companies are entrusted by investors to invest in financial instruments such as stocks and bonds according to the provisions of the fund contract.
(2) Stock: Stock reflects a kind of ownership relationship, and investors become shareholders of listed companies after buying shares.
(3) Bond: Bond investment reflects a creditor-debtor relationship. Investors lend money to debtors, and debtors guarantee to pay interest and repay the principal on time.
2. Different purposes of raising funds:
(1) fund: the fund is an indirect investment tool, and the raised funds are invested in financial instruments such as securities through the fund manager.
(2) stocks: stocks are direct investment tools, and the funds raised are mainly invested in industrial fields.
(3) Bonds: The funds raised by bonds are mainly invested in the industrial field.
3, investment income and risk income are different:
(1), Fund: Fund is a low-cost expert financial management, with relatively moderate risks and relatively stable returns.
(2) stocks: investors must choose their own stocks and judge the market by themselves. Because of its volatility, stock is a high-risk and high-yield investment variety.
(3) Bonds: In general, bonds are low-risk and low-yield investment products, with relatively certain returns and relatively low risks.
Second, the relationship between funds and stocks and bonds:
Funds, stocks and bonds are all securities, and investments in them are all securities investments. The division of fund shares is similar to stocks, which are divided by "shares" to calculate their total assets; Fund assets are divided into several "fund units".
Investors share the value-added income of the fund according to the share of the fund holding unit. Contractual closed-end funds are similar to bonds, and the investment is recovered once the contract expires. In addition, stocks and bonds are the investment targets of securities investment funds, and there are stock funds and bond funds specializing in stocks and bonds abroad. ?
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