Industrial funds are funds whose assets are mainly invested in or related to a certain industry. The remarkable feature of this kind of fund is that it is greatly influenced by the whole industry. When the industry is booming, the funds of this industry will also rise.

Non-industry funds are funds whose assets are invested in different industries. This kind of fund will not only be affected by a certain industry, but also by the whole market. If the whole market is good, such funds will also perform well, generally better than the overall market performance.