Equity funds refer to funds that invest in the stock market, also known as equity funds. Equity funds are diversified, with the characteristics of risk diversification, low cost, stable operation, considerable income, strong liquidity and high liquidity. Fund is a kind of collective securities investment, which has * * * income and * * risk. By issuing fund shares, investors' funds are managed centrally by fund custodians, and fund managers manage and use funds to invest in financial instruments such as stocks, bonds, foreign exchange and currencies, so as to obtain investment income and capital appreciation.