Two-year fixed-term mixed fund means that the first two years of the fund are closed, which is a special closed fund. The portfolio includes mixed funds with fixed-income investments such as income stocks, growth stocks and bonds. Investors can purchase and redeem them during the open period, but not during the closed period.

The two-year fixed hybrid fund is closed for two years, in order to encourage investors to make long-term investments, at the same time reduce the frequent purchase and redemption operations of investors in the short term, protect fund managers from short-term liquidity fluctuations and help them achieve their investment goals.

What are the disadvantages of establishing a two-year hybrid fund?

The two-year fixed-term hybrid fund has a long closed period and poor liquidity, which is not conducive to investors' realization, especially when funds are urgently needed; During its closed period, the investment target of the fund is variable, which leads to the uncertainty of its risk. Compared with one-way market funds, 2-year regular hybrid funds will have limited benefits.