当前我国以天弘增利宝货币基金(余额宝)为代表的互联网货币基金是指基金公司与第三方支付平台直接对接设立的基金理财产品,通过将基金销售平台内嵌至第三方支付平台的方式进行基金直销,是新型的互联网金融理财产品。其法律本质仍是一种证券投资基金,是“货币市场基金互联网化”的新型销售模式。互联网基金交易中存在互联网第三方支付平台、基金投资者和基金公司三方民事主体:第三方支付平台公司与基金投资者之间属于代理关系,包括委托支付和委托理财两种法律关系;第三方支付公司与基金公司之间存在委托代理法律关系和基金交易合同法律关系;基金投资者与基金公司之间构成实质为自益信托关系的基金法律关系。 At present, China’s Internet Monetary Fund represented by Tianhong Zenglibao Monetary Fund (Yu Bopao) refers to the fund financial products directly established by the fund company and the third-party payment platform. By embedding the fund sales platform into the third-party payment platform Way direct fund, is a new type of Internet financial products. Its legal essence is still a kind of securities investment fund, which is a new sales model of “Internet of Money Market Fund”. There are Internet third party payment platforms, fund investors and fund companies in the internet fund transactions. The third party pays for the third party payment platform. The third party payment platform belongs to the agency relationship between the company and fund investors, including legal relationship between entrusted payment and entrusted wealth management. Third party payment There is legal relationship between principal agent and fund trading contract between the company and the fund company. The legal relationship between the fund investor and the fund company constitutes a fund that is essentially a self-benefiting trust relationship.