Hybrid funds can be divided into two categories according to the investment objects (stocks, bonds, money funds, etc.). ), which can be mainly divided into partial stock mixed funds, partial debt funds, stock-debt balanced funds and flexible allocation funds.

Generally, the proportion of partial stock funds is 50%-70%, and the proportion of bonds is 20%-40%. On the contrary, the proportion of partial debt funds and partial stock funds is between 20%-40% of stocks and 50%-70% of bonds. Balance between stocks and bonds means that the proportion of stock investment and bond investment is roughly equal, and flexible allocation means that fund managers adjust the proportion according to market conditions.