Bond is a kind of financial instrument with fixed income and a contract of loan relationship, also known as fixed coupon bond. The issuer collects certain interest from investors through bonds and promises to repay the principal and interest when due. Bonds are usually issued by enterprises, governments or other large institutions, which use bonds to raise funds or make long-term investments. Compared with stocks and other assets, investment bonds have less risk and relatively stable returns.

A fund consists of a group of investors with the same capital contribution and is used to buy a series of different assets, such as stocks, bonds, real estate or other financial assets. These different types of assets are combined together to realize the diversification of investment portfolio and the dispersion of risks. The investment portfolio of funds is usually formulated by professional investment managers, who have rich experience and professional knowledge to help investors achieve the purpose of obtaining high returns and controlling risks. There are many types of funds, which can be selected according to individual investment objectives, risk preferences and term requirements.

The investment nature of bonds and funds is different. The yield of bonds is fixed, but the corresponding risk is relatively small, which is suitable for investors who need to specify the yield. As far as risk is concerned, funds are diversified because the portfolio consists of many types of assets. However, the fund's income may be more unstable because the prices of various assets are changing. Generally speaking, if you want to strike a balance between income and risk, there are more choices, which may be more suitable for investment funds, but if you want to get more stable and fixed returns, bonds may be a better choice.