Mutual recognition fund refers to the mutual recognition of fund products between two or more countries. They are usually agreed by regulators in two countries, allowing funds to be sold and operated in their respective markets. The emergence of mutual recognition funds provides investors with more choices and opportunities, but security and reliability are also the focus of investors' attention.

The security of mutual recognition funds mainly depends on two aspects: the supervision of regulatory agencies and the operating ability of fund companies. First of all, regulators have played an important role in supervising and protecting the operation of mutual recognition funds. They will review and supervise fund companies to ensure their compliance and protect the rights and interests of investors. Secondly, the operating ability of fund companies is also a key factor affecting the security of mutual recognition funds. Investors should choose fund companies with good reputation and strong professional ability to reduce investment risks.

Generally speaking, mutual recognition funds have certain security under the supervision of regulatory agencies. However, investors still need to be cautious when choosing mutual recognition funds. Investors are advised to fully understand the background and operation of the fund company, pay attention to the investment strategy and risk control ability of the fund, and make reasonable allocation according to their own risk tolerance and investment objectives when choosing mutual recognition funds.