Company fund is a form of joint stock limited company established in accordance with the company law, which raises funds by issuing shares. Used for securities investment and distributed to investors in the form of dividends.
Company funds are divided into self-operated company funds and other company funds. Other operating corporate funds refer to the collection of capital raised by fund companies that do not operate themselves.
But a fund form operated and managed by a fund management company or investment consultant. Most corporate funds in the world are other funds, and mutual funds in the United States are typical.
Self-operated fund refers to the fund company's own operation and management of the raised funds. Self-operated funds have been licensed by some countries, such as 1985, 1985. In February 1985, the European Union adopted the Directive on Harmonizing Relevant Laws, Regulations and Administrative Rules of Transferable Securities Collective Investment Enterprises (UCITS), which was subsequently implemented by the European Union, stipulating that investment companies can adopt the "self-operated" mode.
As a kind of securities investment fund, no matter what type of corporate fund, it is essentially a capital aggregate invested by investors in securities, but this capital aggregate is organized in the form of companies.
Self-operated funds organize all subjects in the form of companies, which is a completely organized capital aggregate. Other operating funds only organize investors (holders) in the form of companies, which is a semi-organized capital aggregate.
Extended data:
The fundamental difference between contractual funds and corporate funds;
1. The nature of funds is different. The fund of the contract fund is the trust property raised by issuing fund shares; The capital of a company's fund is the capital raised by a company as a legal person through the issuance of common shares.
2. The status of investors is different. Investors of contractual funds become one of the parties to the fund contract after purchasing fund shares. The investor is the principal of the fund, that is, based on his trust in the fund manager, he entrusts his own funds to the fund manager for management and operation, and is also the beneficiary of the fund, that is, he enjoys the benefit right of the fund.
Investors of corporate funds become shareholders of the fund company after purchasing its shares. Therefore, investors in corporate funds have a greater influence on fund operation than investors in contractual funds.
3. The operating basis of the fund is different. Contractual funds operate funds according to fund contracts, and corporate funds operate funds according to the articles of association of investment companies.
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