Among them, Haifutong pension income fund reduces risks in two ways to cater to the low-risk preferences of the elderly, namely, asset allocation and hedging in different macroeconomic environments; Choose medium-term growth stocks, share growth, and choose boom sectors and individual stocks for investment. In addition, it also combines the take profit and stop loss strategy. It is worth mentioning that the stop-loss strategy used by the fund is a constraint on investors' investment habits, which is rare in public offerings. Stop loss strategy includes stop loss when the net product value is withdrawn from a high level and stop loss when the income lags behind the market adjustment. The former set up two warning lines and monitored them in real time, and gradually reduced the position and forced the stop loss through the fund manager; The latter judges the interest rate bond and credit bond market. If the yield lags behind the broader market and exceeds the warning level, it will be protected by stop loss during market adjustment to ensure the interests of holders.