To put it bluntly, the fund is to manage money on behalf of customers and collect management fees. The performance of the fund is not linked to the management fee, that is, the so-called drought and flood protection.

Investment and financing are different, which is a broad concept. Investments include funds, stocks, bonds and other financial products.

To put it bluntly, financing means asking the market for money, the bank can't borrow it or the loan interest rate and other factors. On the contrary, the stock market is easy to get funds.