The purpose of hybrid fund design is to let investors diversify their investments by choosing a fund type, without buying different styles of stock funds, bond funds and money market funds. Hybrid funds adopt both aggressive and conservative investment strategies, and their returns and risks are lower than those of stock funds and higher than those of bonds and money market funds. It is a wealth management product with moderate risk. Some well-run hybrid funds will even exceed the level of equity funds.

Bond funds: funds that mainly invest in fixed-income financial instruments such as treasury bonds and financial bonds are called bond funds, and they are also called "fixed-income funds" because the products they invest in have relatively stable returns. According to the proportion of investment in stocks, bond funds can be divided into pure bond funds and partial debt funds. The difference between the two is that pure debt funds do not invest in stocks, while partial debt funds can invest in a small number of stocks. The advantage of the partial debt fund is that it can flexibly allocate assets according to the trend of the stock market and share the opportunities brought by the stock market while controlling risks. Generally speaking, bond funds do not charge subscription or subscription fees, and the redemption rate is also low.

Equity funds, also known as equity funds, refer to funds that invest in the stock market. There are many kinds of securities funds. At present, in addition to stock funds, there are also bond funds, stock-bond mixed funds and money market funds in China.