Compared with other hybrid funds, the macro-strategic hybrid funds in rich countries have made breakthroughs in two aspects. First, the minimum stock position of general hybrid funds is not less than 30%, while the minimum stock position of macro-strategic funds in rich countries can be reduced to zero, which greatly improves the flexibility of fund asset allocation under different market conditions. The second is a breakthrough in the allocation of large-scale assets; Rich country macro-strategic funds can be flexibly allocated in the three major markets of stocks, bonds and currencies, capturing investment opportunities of different asset classes in different market stages, supplemented by the hedging function of stock index futures, which is convenient for fund managers to obtain excess returns! I know so much.