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.

trait

Unit Trust is a management company established by a document named trust deed. In terms of organizational structure, it has no board of directors. The fund manager company sets up the fund as the entrusting company by itself, and employs the manager to manage the operation and operation of the fund by himself or again. Usually, securities companies or underwriting companies are responsible for the issuance, trading, transfer, trading, profit distribution, income and debt service of beneficiary certificates.