The rise and fall of the fund is determined by the rise and fall of the fund investment target. Funds can be divided into money funds, bond funds, hybrid funds and equity funds according to different investment targets.

The investment targets of monetary funds are mainly deposits and certificates of deposit. And the fund's ups and downs are relatively stable. The investment target of bond funds is mainly bonds, and the rise and fall of funds are mainly determined by bond interest rates and the rise and fall. The investment target of hybrid and equity funds is mainly stocks, and the rise and fall of funds are mainly determined by stocks.