Publicly traded funds' second quarter reports are revealed, with multiple fund managers warning of the risk of overvaluation in the technology sector.

Recently, many public funds including Jinxin Fund, Red Earth Innovation Fund, Tongtai Fund, etc. have successively disclosed their second quarter reports. Of note is that, in response to new disclosure regulations, some public funds with longer establishment periods have for the first time disclosed long-term performance data of 7 and 10 years in this quarter report. Analysts point out that this core industry reform aims to reverse the industry's excessive focus on short-term performance and guide the market back to the concept of long-term investment and value investment. Based on the second quarter reports of funds disclosed so far, outstanding products have benefited from the layout of the computing power sector, leading to significant growth in net asset value. However, many fund managers also emphasized the valuation risks in the technology sector in market outlooks, and pointed out that in high expectation situations, there often comes the risk of lower than expected performance, with the possibility of significant market fluctuations in the secondary market.