Securities investment funds are managed and operated by fund managers. Fund is a kind of collective securities investment, which has * * * income and * * risk. By issuing fund shares, investors' funds are managed centrally by fund custodians, and fund managers manage and use funds to invest in financial instruments such as stocks, bonds, foreign exchange and currencies, so as to obtain investment income and capital appreciation.

A fund manager refers to an institution that relies on professional knowledge and experience to make investment decisions according to laws and regulations, fund articles of association or fund contracts, and scientific portfolio principles, so as to continuously increase the value of the managed fund assets and enable fund holders to obtain as much income as possible. Usually initiated by fund companies, securities companies, trust and investment companies or other institutions.