related through a fiduciary relationship.

1. Trusts are similar to funds. They are both benefit certificates and a financial management method. In addition to investing in marketable securities, the main assets can also be invested in fixed assets, tangible assets and items, etc. The scope of investment is all-encompassing.

2. Trusts are managed according to the wishes of the trustor, while securities investment funds are managed and invested actively by fund managers, rather than according to the wishes of the trustor.