Generally speaking, securities investment funds refer to open and closed funds with the style of fund management companies. I think it means stocks. Other funds don't seem to have much contact. Bond funds and retail investors buy less, and it is estimated that more money will allocate some of these assets.

There are three types of securities investment funds. Judging from the bias of the main investment targets, at present, bond funds, stock funds and money funds are the main ones in China, while commodity investment funds (mainly investment targets are futures contracts) do not seem to exist.

The investment direction of various funds is mainly bond funds mainly investing in bonds, stock funds mainly investing in stocks, and money funds mainly investing in money markets.

Bond funds refer to funds in which more than 80% of the fund assets are invested in bonds. In China, the main investment targets are government bonds, financial bonds and corporate bonds. You can also invest a small amount in stocks.

Equity fund refers to a fund in which more than 60% of fund assets are invested in stocks. Equity funds, which invest in both stocks and bonds, such as partial stock funds, do not only invest in stocks and bonds, but only have a proportion.

Money market funds refer to funds that only invest in money market instruments. The assets of the Fund are mainly invested in short-term monetary instruments, such as treasury bills, commercial paper, bank time deposit certificates, government short-term bonds, corporate bonds, interbank deposits and other short-term securities.