All investment funds are based on the principle of fiduciary property. The principle of fiduciary property is that the creator of the fund is the owner of that fund on a fiduciary status. Savers give the creator of the fund the power to perform trading transactions for the fund. The said power is given under a fund bylaw. The creator of the fund is obliged to manage or cause to manage the fund under the said bylaw and by protecting the savers’ rights.