Trust is a kind of fiduciary relationship in which the trustee is the possessor in the law of trust property, while the beneficiary has the ownership on the trust property in the law of equity.

• 基于信托法理统一规范证券投资基金的法律关系，当事人之间的权利义务明确，基金持有人作为信托受益人，其受益权不仅具有债权的特性，还具有物权特性，因此能够更好地保护基金持有人的权利。