论文部分内容阅读
伞型基金(Umbrella Fund)实际上就是开放式基金的一种组织结构。在这一组织结构下,基金发起人根据一份总的基金招募书发起设立多只相互之间可以根据规定的程序进行转换的基金,这些基金称为子基金或成分基金(Sub-funds)。而由这些子基金共同构成的这一基金体系就合称为伞型基金。进一步说,伞型基金不是一只具体的基金,而是同一基金发起人对由其发起、管理的多只基金的
Umbrella Fund is actually an open-ended fund structure. Under this organizational structure, the sponsor of a fund initiates the establishment of a number of mutual funds that can be converted from each other according to a prescribed procedure based on a general prospectus, which are called sub-funds or sub-funds. The fund system jointly constituted by these sub-funds is jointly called an umbrella fund. Further, the umbrella fund is not a specific fund, but the same fund sponsors for the sponsored by the management of more than one fund