Consignment fund is an investment business of financial institutions, which is called open-end fund consignment business. This business refers to the intermediary business in which financial institutions accept the entrustment of fund managers, sign written consignment agreements, sell open-end funds on behalf of fund managers, accept investors' applications for subscription, purchase and redemption of open-end funds, and provide supporting services.
Fund consignment has the characteristics of more choices, more concessions, more convenience, more services and more security.