Money market funds refer to funds that invest in short-term securities in the money market. 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.
Monetary funds invest in financial instruments within one year, and the term is short. Bond funds can invest in long-term bonds with a term of 1 year or more. Compared with the two, the money fund is more stable, with relatively low yield, and pursues security and liquidity; Bond funds have a wider investment range than money funds, and the yield is usually relatively higher, but the liquidity and security are poor.