2. The so-called equity fund refers to a fund in which more than 80% of the fund assets are invested in stocks. At present, there are bond funds and money market funds besides stock funds in China. Bond funds refer to funds in which more than 80% of the fund assets are invested in bonds. In China, the main investment targets are government bonds, financial bonds and corporate bonds. Money market funds refer to funds that only invest in money market instruments. The assets of the Fund are mainly invested in short-term monetary instruments, such as treasury bills, commercial paper, bank time deposit certificates, government short-term bonds, corporate bonds, interbank deposits and other short-term securities. The yields of these three funds are: stock funds, bond funds and money market funds. However, from the perspective of risk coefficient, equity funds are much higher than the other two funds.