Track funds are back on top of the wave, extreme investments pose some concerns.

Since the beginning of the year, the A-share market has been quite turbulent. However, there are still many specific industries that have shown independent trends. Looking at the list of performance increases for the year, funds focused on fields such as humanoid robots and innovative drugs have almost dominated, with products with concentrated positions often achieving increases of 50% to 60%. It is obvious that sector-focused funds have once again taken on the role of "pioneers" - attracting funds back to actively managed equity funds with high flexibility, reversing the trend of continuous decline in the scale of actively managed equity funds, and once again taking the lead. Of course, industry insiders also have concerns. They believe that the excessive pursuit of popular sectors has led to valuations diverging from the fundamentals, and the characteristics of rapid rise and fall may easily lead to losses for investors.