契约型证券投资基金的归属和特性之初探

An Inquiry of the Ownership and Characteristics of Contractual Securities'Investment Fund

在我国,契约型基金所有权归属有不同观点如“双重所有权说”、“独立财产说”和“投资人所有说”等。从管理人和托管人的权利来源及投资人享有权利性质来看,该文认为基金财产应属投资人所有。但法律对该财产进行了特殊设计,使其具有不同于一般财产的特性。

In China , there are different opinions about the ownership of contractual fund , for example, “double ownership”,“independent property”and “ownership of investors”, and so on . By analyzing the source of fund trustee the manager's rights and the nature of the investors' rights ,I think the fund property belongs to the investors . But , the property is specially designed by the law , which causes it to have some characteristics differentiating from common property .