1. The relationship between stocks, bonds and funds:

1. They are all securities, and they are all securities investments.

2. Both are virtual capital. Have a face value, representing a certain property value of virtual capital.

3. The return rate influences each other. Dynamically speaking, the yield and price of stocks interact with the interest rate and price of bonds. When the stock market goes up or down, so will the bond market. Most funds invest in stocks. When the stock market goes up or down, the funds will also go up or down.

Second, the differences among stocks, bonds and funds:

1. Stocks reflect the ownership relationship; Bonds reflect the relationship between creditor's rights and debts; The fund reflects the principal-agent relationship between investors and managers.

2. The funds of stocks and bonds are mainly invested in industry; Funds are mainly invested in other financial instruments such as securities.

3. The stock returns depend on the operating efficiency of the issuing company, which is unstable and risky; The interest rate of bonds is generally determined in advance, and the investment risk is small; Investment funds are flexible and diverse, with higher returns than bonds and lower risks than stocks.