Hybrid fund: A hybrid fund refers to a fund that invests in both stocks and bonds. According to the different investment ratios and investment strategies of stocks and bonds, hybrid funds can be divided into partial stock funds, partial debt funds and allocation funds. Generally, 60% is stocks, and the remaining 40% is bonds. The risk of hybrid funds is lower than that of equity funds, but the expected return is higher than that of bond funds, which is suitable for more conservative investors.
Bond fund: refers to a fund that invests more than 80% of its assets in bonds. In China, the main investment targets are government bonds, financial bonds and corporate bonds.
LOF fund: refers to listed open-end funds, that is, after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets or buy and sell funds on exchanges. However, if investors want to sell the fund shares purchased at designated outlets, they must go through certain transfer custody procedures; Similarly, if you want to redeem the fund shares you bought online on the exchange and redeem them at designated outlets, you must also go through certain transfer custody procedures.
ETF (Index Fund): refers to the transactional open-end index fund, also known as exchange-traded fund. ETF is an open-end securities investment fund product listed and traded on the exchange, and the trading procedure is exactly the same as that of stocks. The assets managed by ETF are stock portfolios. The types of stocks in this portfolio are the same as those in a specific index, such as the SSE 50 Index, and the number of each stock is consistent with the proportion of the constituent stocks of this index. The transaction price of ETF depends on the value of its stock portfolio, that is, the "net asset value of unit fund". ETF's portfolio usually completely replicates the underlying index, and its net performance is highly consistent with the specific index pegged. For example, the net performance of SSE 50ETF is highly consistent with the rise and fall of SSE 50 index.