Hybrid funds belong to active funds, and their concepts are different from each other, so they cannot be distinguished.

active funds aim at seeking performance beyond the market, and fund managers need to actively adjust the investment targets of funds, including stock funds, hybrid funds and bond funds.

Hybrid funds refer to funds that invest in stocks, bonds and money market instruments. According to the different investment ratios of stocks and bonds, they can be divided into different types of funds, thus realizing the diversification of investment, and their returns and risks are lower than those of stock funds and higher than those of bonds and money market funds.