1, Guotai Tao Xin and Guotai Min 'an flexible allocation hybrid funds are not one. Although their codes are all 160220, they are quite different. The former is a stock and the latter is a fund.

2. Stock is the ownership certificate issued by the joint-stock company, and it is a kind of valuable securities issued by the joint-stock company to all shareholders as the shareholding certificate for obtaining dividends and bonuses. Each share represents the shareholder's ownership of the basic unit of the enterprise. Behind every stock is a listed company. At the same time, every listed company will issue shares.

3. Hybrid funds refer to funds that invest in stocks, bonds, money markets and other instruments at the same time, and have no clear investment direction. Its risk is lower than that of stock funds and its expected return is higher than that of bond funds. It provides investors with a tool to diversify their investments among different assets, which is more suitable for more conservative investors.