Literally, the investment direction of mixed allocation should be mainly stocks and bonds, which makes sense.
In fact, allocation funds are rarely mentioned, and hybrid funds are enough to explain the investment direction and characteristics of such funds.
The main difference between the risk and fluctuation characteristics of funds lies in the size of their holdings. For example, some equity funds have a shareholding ratio of 80%, while hybrid funds have a shareholding ratio of 80%, and some allocation funds have a shareholding ratio of 80%, so the name of the classification is not important. It is important to observe whether the shareholding range of this fund meets your expectations.
Before buying a fund, you should read the prospectus carefully.