If you want to understand the relationship between them, you must first understand their meaning.
1. What is a fund investor?
That is, the fund holder is the investor of the fund, the owner of the fund assets and the beneficiary of the expected return of the fund investment.
2. What is a fund manager?
The fund manager is the fundraiser and manager of fund products, whose main duty is to be responsible for the investment operation of fund assets in accordance with the provisions of the fund contract, and strive for the maximum expected return on investment for fund investors on the basis of controlling risks. In China, fund managers can only be held by legally established fund management companies.
3. What is a fund custodian?
The fund custodian is independent of the fund manager, supervises the investment operation of the fund management institution and keeps the fund assets. In China, fund custodians can only be legally established commercial banks with fund custody qualifications.
4. Relationship among fund investors, managers and custodians.
1) fund holders, that is, investors and fund managers are owners and operators, that is, money belongs to investors and is handed over to managers for operation;
2) There is a relationship of checks and balances between fund managers and fund custodians. In order to prevent the manager from improper use of funds, entrust it to a bank custodian with high credit to ensure the safety of funds;
3) Fund holders and fund custodians are entrusted and managed, and investors entrust funds to bank custodians with high credit to ensure the safety of funds;
4) There is a contractual relationship among fund holders, fund managers and fund custodians.
This is the relationship among fund investors, managers and custodians. I hope it helps you. Warm reminder, financial management is risky and investment needs to be cautious.