1. Contractual industrial investment funds are a collection of funds and do not have legal personality;

2. Fund investors are the clients of contractual industrial investment funds and professional institutions (fund management companies, trust companies, etc.). ) It is the trustee of the fund who is entrusted to manage the assets of the fund. The fund manager is responsible for using the fund assets for portfolio investment and performing the duties of professional investors; As the parties to trust, asset management and other contracts and the beneficiaries of industrial investment funds, investors generally do not participate in management decisions.

What are the characteristics of contract funds?

1 The contractual fund has no board of directors in its organizational structure.

Under normal circumstances, the fund manager company will set up the fund itself as the entrusting company, and then hire the manager to manage the operation and operation of the fund. Usually, it will appoint a securities company or an underwriting company to handle the issuance, sale, transfer, transaction, profit distribution, expected annualized income and debt service.

The account of the contractual fund is completely independent of the account of the fund custodian company.

Even if the fund custody company goes bankrupt due to poor management, its creditors cannot use the assets of the fund. At the same time, the trustee of the contractual fund has a great responsibility, requiring him to manage, keep and dispose of the trust property, supervise the investment work of the fund manager, ensure that the fund manager abides by the investment regulations listed in the prospectus, and make his investment portfolio meet the requirements of trust deed.

The above introduces the two characteristics of contract funds for everyone, and I hope the answer will be helpful to everyone.

There are many forms of mutual funds in the world, but according to their legal status, they can be divided into contract type and company type. Contract type is an agency investment behavior organized based on certain contract principles. It consists of three parties: the client, the beneficiary and the trustee. The trustor is the setter of fund investment, that is, setting up and organizing various funds, issuing beneficiary securities, handing over the raised funds to the trustee for management, and at the same time making specific investment use of the raised funds. The beneficiary, that is, the holder of the beneficiary securities, is an ordinary investor. They buy beneficiary securities, participate in fund investment, become one of the parties to the contract, and enjoy the right to distribute investment income. Generally, the trustee is a trust company or bank, which handles securities, cash management and other related agency business and accounting business according to the regulations of trust deed. [