1, with different responsibilities: the fund manager is mainly responsible for the specific operation and daily management of the fund; Fund custodians only need to perform their duties within the scope of the custody agreement, mainly in asset custody, transaction supervision, information disclosure, fund settlement and accounting.

2. Different sources of income: fund management income mainly comes from fund management income and fund handling fees and service fees; The fund custodian directly gains income by keeping and supervising the fund assets.

3. The fund manager is the decision-maker who belongs to the fund investment behavior, and is often the initiator of the fund. The fund custodian is the custodian of the fund's assets and one of the supervisors of the manager's investment behavior. Fund custodian is very important for fund investment. In the process of fund investment, the role of fund custodian is to keep and supervise the funds invested by investors and prevent the fund funds from being misappropriated by managers.

I. Contact between the fund custodian and the fund manager

The fund manager is the main body responsible for the investment operation of fund assets.

With their special knowledge and experience, they use the assets of the managed funds to make investment decisions according to laws and regulations, fund articles of association or fund contracts, in order to seek the continuous appreciation of the assets of the managed funds and make fund holders get as much income as possible.

But at this time, investors will inevitably have doubts. What if the fund manager runs away with my money?

This requires a fund custodian.

Fund custodians mainly carry out asset custody, transaction supervision, information disclosure, fund settlement, accounting and other work.

Investors' money is put into a separate fund custody account to avoid misappropriation by fund managers and supervise investment behavior. At present, China's fund custodians are mainly commercial banks.

Two. Responsibility of fund custodian

The main responsibilities are:

1. Safely keep all assets of the fund;

2. Implement the investment instructions of the fund manager and handle fund transactions in the name of the fund;

3. Supervise the investment operation of fund managers. If it is found that the investment instruction of the fund manager is illegal, it will not be implemented and will be reported to the China Securities Regulatory Commission;

4. Check and review the fund net asset value and fund price calculated by the fund manager;

5. Keep the accounting books and records of the fund for more than 15 years;

6. Publish fund performance report, provide fund custody information and report to China Securities Regulatory Commission and China People's Bank;

7. Other duties stipulated in the articles of association of the fund or the fund contract and custody agreement.