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.

The risk of hybrid funds is lower than that of equity funds, and the expected return is higher than that of bond funds. It is a wealth management product with moderate risk and is more suitable for conservative investors. Some well-run hybrid funds will even exceed the level of equity funds.

Partial stock hybrid fund refers to a hybrid fund with a voting ratio greater than that of bonds, which is partial stock as its name implies.

Mixed funds