Secondly, Sunshine private equity products, also known as securities investment trust products, are financial products issued by trust companies, which generally invest in stocks and funds in the secondary market and raise funds for specific groups. By definition, Sunshine Private Equity is a kind of trust. In addition, trust types also include financing trust, such as equity trust, real estate trust, infrastructure trust, art trust, etc. Trusts used for transaction management, such as consumer trust, pension trust and family trust.
We take Sunshine private equity products and financing trust products as examples, and the main differences are as follows:
1, the capital investment is different. Sunshine private equity products invest in stocks and funds in the secondary market, financing trust products invest in equity in the primary market, or directly invest in enterprises in the form of creditor's rights;
2. The income is different. The former has uncertain income, which is influenced by the overall performance of the secondary market and the investment ability of managers, and even leads to the loss of principal, while the latter belongs to a fixed-income product, and obtains relatively certain income at maturity.
3. Risk control measures are different. The former is mainly based on the manager's research on the market and the control of positions. Some products of the structure also guarantee the principal and income of the superior investment through the inferior capital investment, while the latter mainly controls the risk through the collateral provided by the financing party, which is closely related to the value and liquidity of the collateral.
4. Information transparency is different. The former can generally check the net value of products on the website, and the frequency is usually once a month or once a week, while the latter is difficult to check the net value.
5. Different liquidity.
(1) has been added. The former can apply for addition on the open day, usually once a month, and the latter can't be added after the fundraising.
(2) redemption. After the former has passed the closed period or semi-closed period (the closed period is generally 1 year, and the semi-closed period is generally 6 months), investors can apply for redemption at any time (some products need a certain redemption fee between the semi-closed period and the closed period, and they can be redeemed freely after the closed period), while the latter generally distributes the income and principal at maturity, or does not distribute the income at ordinary times, but distributes the principal and income at maturity, and there is basically no liquidity in the middle.