Funds can be divided into stock funds, bond funds, hybrid funds and money market funds according to different investment objects.

1.

Equity funds: According to the classification standard of China Securities Regulatory Commission on fund categories, more than 60% of fund assets are invested in stocks, and the expected risk-return level is relatively high.

2.

Bond funds: According to the classification standard of China Securities Regulatory Commission on fund categories, more than 80% of fund assets are invested in bonds. Domestic bond funds mainly invest in government bonds, financial bonds and corporate bonds, with relatively stable yields and long-term expected returns higher than those of money market funds.

3.

Hybrid fund: According to the classification standard of China Securities Regulatory Commission, it invests in stock and bond markets at the same time, but the proportion of stock investment and bond investment is neither stock fund nor bond fund, which belongs to hybrid fund.

4.

Money market fund: the fund invests in safe and liquid money market instruments, with low annual rate of return and little risk, and its subscription and redemption are quite flexible, even comparable to demand deposits.