The rise and fall of funds mainly depends on the rise and fall of fund investment targets, which determines the rise and fall of index funds, ETF funds and ETF-linked funds. Index funds track specific indexes and decide the rise and fall of index funds, while ETF-linked funds indirectly track ETF funds and decide the rise and fall of ETF-linked funds.

Funds can be divided into money funds, bond funds, hybrid funds and stock funds according to different investment objects. Interest rate determines the rise and fall of money funds, bond market determines the rise and fall of bond funds, and stocks determine the rise and fall of hybrid and equity funds.