Dear brothers and sisters, at the beginning of today's issue, we will begin to walk into two or three issues of popular science articles. Hahaha, why is it popular science? Because most of the funds mentioned next are not carried out in China, but they all have a place in international status.
So we can take precautions, first understand the preparation, in case one day suddenly issued, then we can not get a piece of the pie in advance, like the Retis fund issued not long ago, many people because they do not understand, missed this wave of opportunities, hahaha, so it is not a bad thing to know a little more!
Everyone remembers a hu that Jie Jie said: China's financial market is actually really immature, and it can be seen from the funds I will talk about next.
Today we will first talk about corporate funds and contract funds.
Contractual funds
Doesn't that sound strange? But in fact, he is a stranger who is most familiar.
Jie Jie told everyone that at present, all our domestic funds are contract funds.
The so-called contract fund is actually a model, which is simply to sign a contract between the principal, the beneficiary and the trustee to form a triangular stable relationship, as shown in the following figure:
All the funds we can buy so far are all of this type of fund.
We buy funds as beneficiaries, fund companies set up funds, manage and run funds as principals, and third-party institutions such as banks act as regulators to ensure the safety of our assets.
So what are the advantages and disadvantages of this kind of fund?
advantage:
Each performs its own duties, peace of mind and convenience. We each play our own advantages, have money to pay, make a strong contribution, and leave professional things to professional people to do.
Cashing out is faster and more convenient. Because our beneficiaries are equivalent to trading with fund companies, through the fund manager to maintain the activity of the secondary market, investors can sell all or part of the unit investment at any time according to their personal needs, at any time at the quotation, cash withdrawal.
shortcoming:
In fact, the biggest disadvantage of contractual funds is that we, as beneficiaries, cannot participate in the decision-making of the fund. That is to say, when we choose a fund, in addition to subscription and redemption, we cannot participate in the operation process of the fund.
In other words, the fund buys those stocks, how much to buy, when to buy and when to sell, when to change positions, we are not involved in making decisions, this part will be done by the fund manager.
Corporate funds
This kind of fund is particularly popular in the US market at present, but it has not yet begun to operate in China, but with the continuous development of our financial market and the continuous improvement of the legal system, it is only a matter of time before corporate funds are popularized.
So what is a corporate fund?
Simply put, we find a group of like-minded partners, we invest in a company together, all become shareholders of this company, and then we either entrust the fund management company to speculate management, in simple terms, as shown below:
Each of our investors will enjoy the corresponding shares of the company, and the company operates to maximize earnings.
So what are the benefits and disadvantages of corporate funds?
We as shareholders participate in the entire operation process of the fund, and we can make an interference in what tickets and how much we buy for the fund.
The whole company is based on the maximization of interests as a condition of operation, so our input-output ratio will be higher and the benefits will be greater.
The conditions for the establishment of corporate funds are cumbersome, and there are many laws and regulations that need to be involved.
The threshold is high, and if we want to be the company's board of directors and have the right to decide on major matters, then our investment must be higher.
In fact, in the United States, where the fund industry is most developed, corporate funds have become the mainstay.
Now, with the development of the economy, we are also beginning to be exposed to more and more financial knowledge.
Everyone has their own investment ideas, hahaha, we don't look at those strange investment ideas, then we will be our own fund manager, and the company-type fund can meet everyone's demands.
Therefore, with the continuous improvement of the laws and regulations of China's joint-stock companies and the increasing development of the financial industry, the emergence of corporate funds in China is just around the corner, so everyone feels that learning investment knowledge well and letting us be the masters of our own affairs!
Rich and noble, we will see you next time!