What is a Fiduciary Deed?

A contract trust is a trust established by the client and the trustee to enter into a contract (contract), which takes effect during the lifetime of the client, and is a living trust.

Contract trust

Right!

A contract trust is a trust established by the client and the trustee to enter into a contract (contract), which takes effect during the lifetime of the client, and is a living trust.

Contract-type funds, also known as unit trust funds, refer to a type of fund established by using investors, managers, and custodians as parties to issue beneficiary certificates in the form of a fund contract.

Contract-type investment funds can be divided into two types: 1. Unit-type investment funds; 2. Fund-type investment funds. The latter has no fixed limits in terms of size and duration, as well as financing and investment activities, and is distinguished by unit. The agency calculates the net value of each beneficiary voucher based on the value of the invested securities, plus management fees, handling fees, etc., and promptly announces the buying and selling prices of the beneficiary vouchers. Investors can buy and sell according to their trading prices Voucher in hand.

Contract funds are funds established by trust law or with reference to the principles of trust law, and the basis for their establishment is a fund contract. The fund contract is a trust contract in a country (region) with a trust law, and in the country or region without a trust law, the spirit of the trust law is referred to. Contract funds raise investor funds based on the fund (trust) contract; fund managers conduct fund management activities according to the fund (trust) contract; fund income is distributed among the parties according to the fund (trust) contract. Securities investment trusts in Japan, South Korea, Taiwan, and unit trusts in the United Kingdom and Hong Kong are contractual funds. The current securities investment funds in mainland China are in the form of contract funds.