Answer:
Money Market Funds: funds that invest in short-term, liquid assets like short-term government or corporate bonds.
Fixed income funds: funds that invest in all types of bonds, but tend to prefer investment in longer-term, higher yield, riskier bonds.
Equity funds: funds that invest in all types of stocks. Hence the name (stock is equity).
Balanced funds: funds that invest some of their money in high risk securities, and some other money in low risk securities.
Index Funds: these are funds whose performance is the same as the performance of some stock market index, like the s&p index.
Specialty funds: these funds that only invest in special types of markets and securities, like real estate, or enviromental sectors.
