According to the classification standard of China Securities Regulatory Commission, more than 60% of fund assets are invested in stocks. More than 80% of the fund assets invested in bonds are bond funds; Money market funds only invest in money market instruments; A hybrid fund invests in stocks, bonds and money market instruments, but the ratio of stock investment to bond investment does not meet the requirements of stock funds and bond funds.
Hybrid funds can be further divided into partial stock funds (50%-70% for stocks and 20%-40% for bonds), partial debt funds (just the opposite of partial stock funds), balanced funds (about 40%-60% for stocks and bonds respectively) and allocation funds (the ratio of stocks and bonds depends on the market). Generally speaking, partial stock funds have higher risks. The risk of partial debt fund is low, and the expected annualized rate of return is also low; The risk and expected annualized expected return of the stock-debt balance fund are moderate.