1. Bond funds of different natures, also known as bond funds, refer to funds that specialize in investing in bonds. They seek relatively stable returns by pooling the funds of many investors and investing in bonds in a portfolio.

Bonds are credit and debt certificates issued to investors when governments, financial institutions, industrial and commercial enterprises and other institutions directly borrow money from society to raise funds, and promise to pay interest at a certain interest rate and repay the principal according to agreed conditions.

A money fund is an open-end fund that gathers idle funds from society and is operated by a fund manager. The funds are kept by a fund custodian and are specifically invested in money market instruments with low risks.

2. Different characteristics Monetary funds are different from other types of open-end funds in that they have high security, high liquidity, stable profitability, and the characteristics of "quasi-savings".

In China, the investment objects of bond funds are mainly treasury bonds, financial bonds and corporate bonds.

Generally, bonds provide investors with fixed returns and principal repayment at maturity, with lower risks than stocks. Therefore, compared with stock funds, bond funds have the characteristics of stable returns and lower risks.

3. Different investment objects Currency funds are an open-end fund, while bond funds are funds that specialize in investing in bonds, mainly treasury bonds, financial bonds and corporate bonds.