The fund manager is only the institution responsible for managing the fund, and the investors' funds are not directly handed over to the fund manager, but remitted to a special fund custody account. The assets of the fund manager are strictly managed separately from the entrusted assets of the fund, so the bankruptcy of the fund manager will not affect the fund assets.
If the fund manager goes bankrupt, the investor can change the fund manager, and the fund will continue to exist, which will not affect the investor's acquisition of Portuguese status.
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