Funds are divided into stock funds, bond funds, hybrid funds and money market funds according to different investment objects. Equity funds refer to funds in which more than 60% of fund assets are invested in stocks, such as Huitianfu Advantage Selection; Bond funds refer to funds in which more than 80% of fund assets are invested in bonds, such as Huaxia bonds. Hybrid funds refer to funds whose ratio of stock investment to bond investment does not meet the requirements of stock funds and bond funds, such as Harvest Theme Selection. Money market funds refer to funds that only invest in money market instruments, such as Haifutong currency.

According to different investment concepts, funds can be divided into active funds and passive (index-type) funds. Active fund is a kind of fund that tries to achieve performance beyond the benchmark portfolio. Unlike active funds, passive funds do not actively seek to outperform the market, but try to replicate the performance of the index. Passive funds generally choose a specific index as the tracking object, so they are often called index funds. Index funds can be divided into two types. One is pure index fund. Almost all its assets are invested in the constituent stocks of the tracked index, and almost always in Man Cang. Even if the market can clearly see that it will continue to decline in the next six months, it will stay in the state of Man Cang and will not make a positive market judgment. Another kind of index fund is the index enhanced fund. This kind of fund is based on pure indexed investment, and is adjusted appropriately according to the specific situation of the stock market.

In short, the two classification methods are different and incomparable.