***What is the same fund?

What is a mutual fund?

Since the cost of operating mutual funds in Cayman is lower than in other regions, coupled with a reasonable legal system and experienced investors, the development of mutual funds in Cayman has been relatively rapid.

There are currently more than 600 mutual funds established in Cayman.

These more than 600 companies are also divided into three types: The first type is licensed mutual funds.

The promoters of such funds submit reports to the inspectorate.

After review.

As long as the sponsor is in good standing.

Have qualified management talents.

Companies that have their own tomb fund business and can operate their assets well will be allowed to operate mutual funds.

Such companies must pay a registration fee of US$610 and an annual inspection fee of the same amount each year.

The second category is private sector mutual funds.

Managers of this kind of tomb fund can be allowed to operate as long as they comply with the relevant regulations promulgated by the government and pay a management fee of US$610.

The third category is term mutual funds, which are divided into senior investor funds and stock trading funds.

The former stipulates that each investor's investment amount shall not be less than US$48,000, and the latter refers to a stock trading fund that has been reviewed and approved by the supervisory official. The annual fee for the same fund is US$400 per year.