Bond fund is a qualified domestic institutional investment product.
It invests mainly in dollar-denominated government and corporate bonds.
Generally do not actively participate in equity assets such as stock investment.
Expected returns and risk levels are generally higher than those of funds, but lower than those of hybrid and equity funds.
Bonds here can be issued by the U.S. government and companies, or by other countries and companies.
Take Chinese dollar bonds issued by Chinese companies.
Chinese dollar bonds are a way for Chinese companies to raise money in overseas markets by issuing dollar bonds.