1. Equity open-end funds and fixed-income open-end funds are respectively: the former refers to equity funds; The latter is to provide investors with stable income, and at the same time, it has the function of partial capital preservation. The investment targets mainly include bonds and preferred shares, referring to principal guaranteed fund. 2. Concept introduction: Stock funds, also known as stock funds, refer to funds that invest in the stock market. There are many kinds of securities funds. At present, in addition to stock funds, there are bond funds, stock-bond mixed funds and money market funds in China. Guaranteed Fund: a guaranteed capital preservation fund that provides a certain proportion of the invested principal within a certain period of time. The fund uses interest or a very small proportion of assets to engage in high-risk investment, and most of the assets are engaged in fixed-income investment, so that no matter how the market invested by the fund falls, it will never be lower than the guaranteed price, thus achieving the so-called capital preservation effect.