Alice has invested RM10,000 in each of the following three unit trust funds.

1. Equity fund

2. Bond fund

3. Money market fund

Identify and explain which of the above funds will show the highest investment performance under the following scenarios.

i. The stock market is depressed with falling share prices and declining interest rates.

ii. The stock market is experiencing a bull run and interest rates are expected to remain stable.

iii. Share prices are falling and interest rates are rising. (6 marks)