Hybrid fund is a combination of different investment targets, which can be divided into different types according to different conditions. The difference between hybrid funds and equity funds is mainly reflected in the classification of customers, the proportion of investment targets and flexibility. The following small series brings the difference between equity funds and hybrid funds. I hope you like it.

What does a hybrid fund mean?

As the name implies, hybrid fund is a kind of fund composed of different investment targets. Simply put, hybrid funds have both stocks, bonds and money markets, and the investment direction is not clear. For example, bond funds mostly invest in government bonds, corporate bonds, financial bonds and so on. The Monetary Fund invests in central bank bills, short-term treasury bonds, corporate bonds, commercial bills, bank certificates of deposit, etc. And more than 80% of equity funds are stocks. Different hybrid funds may have more bonds and some stocks, so the investment direction is not clear, but the underlying assets of hybrid funds are mainly stocks and bonds. Different hybrid funds have different mixing ratios. According to different investment directions and strategies, hybrid funds can be divided into partial stock funds, partial debt funds, balanced funds and allocation funds. In partial stock funds, stocks account for about 50%-70%, and bonds account for about 20%-40%. Among the partial debt funds, bonds account for about 50%-70%, and stocks account for about 20%-40%. In a balanced fund, the proportion of stocks and bonds is roughly the same. In the allocation of funds, the proportion of stocks and bonds is not clear at any time. Hybrid funds have the characteristics of moderate expected return, risk hedging and high flexibility, but the one-way return of hybrid funds will be limited because of the mixing of different investment directions.

What's the difference between stock funds and hybrid funds?

The differences between equity funds and hybrid funds are as follows:

1, customers are classified differently: equity funds are more risky and more suitable for aggressive investors, while hybrid funds are relatively less risky and more suitable for conservative investors.

2. The proportion of investment targets is different: more than 80% of equity funds are stocks, and the proportion of different investment targets varies according to the investment direction of hybrid funds.

3. Hybrid funds can hedge risks, but equity funds can't. Hybrid funds are relatively flexible.

4. The expected return of equity funds is higher than that of hybrid funds, and the expected return of hybrid funds is relatively low.

Three operational skills can be referenced.

1. Bollinger Bands have a high success rate of continuously falling below the lower rail. When the bollinger band of the whole stock market continuously fell below the lower rail, it was difficult for this stock to continue to fall, so it basically bottomed out at this time. If the Bollinger Band BB is less than 0 and there are signs of deviation, then you must buy it immediately at this time, which is also the best time to bargain-hunting.

Second, the success rate is higher when the William indicator hits the bottom many times. Generally, in the middle of the stock market, the decline of the market will be maximized. At this time, the William indicator will also enter a medium-term adjustment state. If there have been many clicks at this time, it may have entered the mid-term adjustment stage. Since the adjustment has begun, I believe that the stock price will be adjusted back immediately.

Third, when the market enters the selling climax, the trading volume can expand to the bottom. Generally, some small and medium-sized investors will start selling when they see the stock price plummet, which will lead to the climax of selling. In the meantime, some bears have succeeded, so they will immediately start a callback. If investors can persist until this time, they can start bargain hunting.