Because bond funds mainly invest in bonds, they have the risk attributes of bonds.

If the bonds invested by bond funds default, the fund's net value will drop sharply, which is likely to exceed that of partial stock funds.

The accumulated income of the fund has shrunk seriously, and even the accumulated income has lost.

Bond funds will also be subject to fluctuations in bond value due to changes in interest rates during the bond holding period, and improper operation will also cause losses.

So bond funds make investors lose money.

However, the main factor affecting the bond yield is inflation. If there is serious inflation in the market, the state usually raises the interest rate of bank deposits and loans.

In this case, enterprises and residents will give up bond investment and turn to other investment projects, and financial institutions will invest the realized funds of bonds in other markets, so that bond prices will fall.

Any kind of investment in the investment market will have investment risks, which is only a matter of risk.

From the perspective of fund investment risk, money market fund has the smallest risk, stock fund has the highest risk and bond fund has the middle risk.

However, due to different investment styles and strategies, the risks of the same kind of investment funds in the market will be different.