1, the equity position is less than 20%, but you can't buy equity assets such as stocks and warrants directly from the secondary market.

2. Equity positions refer to stocks that can participate in the subscription or issuance of new shares in the primary market and hold convertible bonds.

3. For example, Guo Fu Tian Li Growth Bond and Guo Fu Tianfeng Enhanced Income (LOF) are all based on the operation idea of balancing the income of stock bonds and hedging the risk of stock bonds. Since the establishment of the product, it has experienced many rounds of bull and bear tests. In the "fixed income+"product sequence, the primary debt base emphasizes the safety of asset income.