1. The money fund is a fund that invests in the global money market. Usually invest in short-term bank deposits, large negotiable certificates of deposit, government bonds, corporate bonds, commercial paper, etc. Because the money market is generally for large investors to participate, the emergence of money funds provides opportunities for small investors to enter the money market. Monetary fund has the characteristics of low investment cost, strong liquidity and low risk. Investors often convert equity funds into monetary funds when their performance is poor, so as to avoid the "storm" and wait for the opportunity to subscribe for equity funds or other fund varieties. Therefore, money funds are also called anchor funds.

2. Bond fund refers to investing fund assets in bonds and seeking stable income through portfolio investment in bonds. Because of the stable bond income, low risk and low risk of bond funds, it is suitable for stable investors who are unwilling to take too many risks. The price of bond funds is also affected by market interest rates, exchange rates, bonds themselves and other factors, and its fluctuation degree is lower than that of stock funds.

3. Money market funds only invest in money market instruments, and the net share value is always maintained at 1 yuan, which has the characteristics of low risk, low return, high liquidity and low cost. Money market funds are called quasi-savings, which can be used as a good substitute for bank deposits and a cash management tool;

Bond funds mainly invest in all kinds of bonds, with higher risks than money market funds and lower risks than equity funds. Bond funds obtain stable interest income by investing in bonds such as treasury bonds and corporate bonds, which has the characteristics of low risk and stable income and is suitable for stable investors with low risk tolerance.