① For ordinary stock funds, the upper limit of stock investment ratio is not higher than 80%.
② For standard stock funds, the upper limit of stock investment ratio is 95%.
According to the provisions of the Measures for the Administration of the Operation of Securities Funds, more than 60% of the assets invested in stocks are stock funds; More than 80% of the assets invested in bonds are bond funds; Money market funds that only invest in money market instruments are called money market funds; Hybrid funds invest in stocks, bonds and money market instruments, and the investment ratio of stocks and bonds does not meet the above requirements. In other words, hybrid funds are funds that invest in stocks, bonds and money market instruments. According to the proportion of its investment in stocks and bonds, it can be divided into three types: partial stocks, partial debts and balanced stocks and debts.
Are equity funds necessarily partial stock funds? It can be understood this way. But formally classified, partial stock funds belong to hybrid funds.