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Trustee of the fund
Securities investment funds mainly include fund managers, fund custodians and fund holders. Their responsibilities are clear, independent and restrictive.

Fund manager: the fund manager is a fund management institution that adapts to the investment operation of investment funds, and is the asset manager of investment funds and

Decision makers of fund investment and operation.

Fund custodian: in order to fully protect the rights and interests of fund investors, prevent fund assets from being used for other purposes, and ensure the standardized operation and coordination of fund assets.

Safe and complete, the fund often entrusts an institution to keep all the property of the fund. Such an institution is the fund custodian.

In China, the fund custodian must be a commercial bank that meets certain conditions.

Fund holder: the fund holder is also the investor of the fund and the ultimate owner of the assets and income of the securities investment fund.

Beneficiaries and persons responsible for fund investment risks.