What is TRUST FUND??

A trust fund is a financial tool that holds and administers assets for the benefit of another person or organization, called a beneficiary.

The initial assets for the fund are provided by a grantor or donor, and a trustee or team of trustees manages the funds according to that person's instructions.

The beneficiary receives payment from the fund as a lump sum or in periodic installments, according to the terms of the trust.

Trust funds are often used to set aside property, investments, or cash assets to provide for people who are unable to manage their finances for themselves, like children or people who are ill.

People can even establish one for themselves, under the assumption that they will become unable to manage their personal finances sometime in the future

 

*ASB maybank adalah salah satu trust fund (amanah saham)

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