Hybrid funds are characterized by a mixture of stocks and bonds, both offensive and defensive.

Generally, the shareholding ratio of hybrid funds is 75%-85%, and the bond position is 25%- 15%.

Then such funds can increase their shareholding ratio in the rise and get higher returns.

In the decline, you can reduce the proportion of shares, increase the proportion of bonds, and reduce losses.

Of course, this operation requires fund companies to correctly judge the market.

Compared with pure stock funds, it has strong advantages, especially compared with index funds, and its long-term advantages are obvious.