基金观察：当前布局有色板块需防范哪些风险？

Group 1 - The core viewpoint is that the non-ferrous metal sector has performed well this year, but investors need to consider various risks before making investment decisions [1] - The biggest common risks facing the non-ferrous metal sector include the impact of a strong US dollar on metal prices, changes in demand from sectors like real estate and new energy vehicles, and policy factors including geopolitical changes [1][2] - For aggressive investors, it is suggested to focus on upstream resources due to the increasing market risk appetite, while conservative investors may find more stable opportunities in midstream and downstream sectors related to processing and manufacturing [2] Group 2 - There are currently eight main indices related to non-ferrous metals or rare earths, most of which have seen significant gains exceeding 30% this year, with industrial metals like copper and aluminum being key sub-sectors [3] - When selecting related ETF products, it is crucial to pay attention to industry distribution, as different ETFs may have varying exposures to industrial metals, rare metals, precious metals, or energy metals [4] - Investors should also consider the scale of the ETF, its fee structure, and the issuing company when making investment decisions [4]