What Is a Cash Plus Fund?
The cash investment fund is the symmetry of the "security investment fund". By issuing fund securities, raising funds, and then investing in contract investment funds in the securities market or other industries. In the formation of such funds, the investment trust institution, as the sponsor, first raises funds (that is, basic cash) by issuing fund securities (that is, beneficiary certificates) when initiating the establishment of an investment trust fund. The cash is entrusted to the trustee (that is, the fund management company) and the custodian (usually a bank) to keep it. After that, the trustee uses basic cash to invest in the securities market and purchase various securities. [1]