Hybrid funds are mutual funds with fixed expected annualized expected returns, such as growth stocks, stocks and bonds with expected annualized expected returns. According to the stock investment ratio of hybrid funds, hybrid funds can be divided into ordinary hybrid funds and stable hybrid funds.

The lower limit of common mixed stock investment is less than 60%, and the upper limit of stock investment is greater than or equal to 80%; The lower limit of stable hybrid stock investment is less than 60%, and the upper limit of stock investment is between 20% and 80% (excluding 80%).

Risks of hybrid funds

Hybrid funds invest in stocks, bonds and money market instruments, which does not meet the requirements of stock investment and bond funds. Generally speaking, the risk of hybrid funds is lower than that of equity funds, and the expected annualized income of historical expectations is higher than that of bond funds. It provides investors with a tool to diversify their investments in different asset classes. Generally speaking, the stock-debt ratio of hybrid funds is flexible, and in theory, hybrid funds can provide investors with "one-stop" asset allocation services.

The investment risk of hybrid funds mainly depends on the allocation ratio of stocks and bonds. Generally speaking, the common mixed risk is higher, but the historical expected annualized expected return is also higher; The risk of stable mixing is low, and the annualized expected rate of return is also low.

Although hybrid funds provide a "one-stop" way of asset allocation investment, if you buy more than one hybrid fund, investors' allocation of various assets may become vague, which is not conducive to investors' effective asset allocation according to market conditions.