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What is a two-year fixed hybrid fund?
1. Two-year fixed open hybrid fund is a special closed-end fund. It refers to a hybrid fund with both growth stocks, income stocks and fixed income investments such as bonds, which was closed in the first two years. During the closed period, investors cannot apply for redemption, but only during the open period. The closure period of a 2-year fixed open hybrid fund is 2 years. Its purpose is to encourage investors to make long-term investments, reduce the frequent purchase and redemption operations of investors in the short term, and protect fund managers from short-term liquidity fluctuations, which is conducive to the realization of their investment goals.

2. However, the two-year fixed open-end hybrid fund also has the following shortcomings: the two-year fixed open-end hybrid fund has a long closed period and poor liquidity, which is not conducive to investors' realization, especially when investors are in urgent need of funds; During the closed period of the fund, the investment target of the fund is variable, so its risk is uncertain. Because closed-end funds stipulate that investors cannot purchase and redeem during the closed period. Therefore, investing in two-year fixed hybrid funds can effectively reduce the frequent purchase and redemption operations of investors in the short term. The purpose of 2-year fixed open hybrid fund is to encourage investors to make long-term investments.

3. The investment portfolio of this two-year fixed-open hybrid fund includes fixed-income investments such as income stocks, growth stocks and bonds. In order to increase the liquidity of closed-end funds, closed-end funds have set up regular open days. This can effectively avoid the interference of fund managers from short-term liquidity fluctuations, which is conducive to the realization of their investment goals. In short, the two-year fixed-open hybrid fund refers to a closed-end fund product that combines fixed-income investments such as income-oriented and growth-oriented stocks and bonds with a two-year closed period. The two-year fixed and open hybrid fund stipulates that investors generally need to hold the fund for a certain period of time before they can redeem it.