Hybrid funds are funds that invest in stocks, bonds, and money market instruments and do not meet the classification standards of stock funds and bond funds.

According to the different investment proportions of stocks and bonds and investment strategies, hybrid funds can be divided into various types such as stock-biased funds, debt-biased funds, and allocation funds.

The funds raised through the sale of fund shares form independent fund assets, which are managed by the fund manager and held by the fund custodian. Securities investments are made in the form of asset portfolios. Fund share holders enjoy income and bear risks according to the shares they hold.

Extended information: Fund participants generally include three categories, namely fund parties, market service agencies, and industry regulatory self-regulatory organizations.