Fund refers to a collective investment fund which is managed and operated centrally by the fund manager on behalf of investors, with the purpose of pursuing investment income.

Funds can be classified according to investment strategies, investment targets and investment targets.

First, according to the classification of investment strategies

1. Equity fund

Equity fund refers to the fund whose investment assets are mainly stocks, and gains investment income by buying and selling stocks, which is risky and correspondingly high in income.

2. Bond funds

Bond funds take fixed-income bonds as investment targets, with relatively stable returns and lower risks than equity funds.

3. Hybrid funds

Hybrid fund refers to the fund's investment assets including stocks, bonds, precious metals, financial derivatives and other investment targets, with relatively balanced returns and risks.

4. Money market funds

Money market fund refers to the fund with short-term bonds and bank deposits as the main investment targets, stable income and high liquidity.

5. Index funds

Index funds refer to funds that use a specific index as the standard combination and pursue the same investment income as the index, such as Shanghai Stock Exchange Index Fund and Hang Seng Index Fund.

Second, according to the classification of investment objects.

1. Equity fund

Equity funds refer to funds whose investment targets are mainly stocks.

2. Bond funds

Bond funds refer to funds with bonds as their main investment targets.

3. Precious Metals Fund

Precious metal funds refer to funds with precious metals as their main investment targets, such as gold funds and silver funds.

Third, according to the classification of investment objects.

1. Public offering fund

Public Offering of Fund is a fund that is publicly issued, managed and sold to the public, and can be traded freely on the stock exchange.

2. Private equity funds

Private equity funds are funds issued to specific investors, and their raising methods are different from those of public funds.

Generally speaking, there are many types of funds, and investors can choose appropriate fund products according to their own risk preferences, investment time, income expectations and other conditions to improve the efficiency of asset allocation.