相关机构表示，近期宏观大事件密集落地，市场风险偏好有所回落，本周全球风险资产普遍调整。政治 局会议召开后，"反内卷"概念短期退潮。海外，美关税框架也逐渐明朗，关税影响或逐步显现，对资产 定价影响从预期转向现实。美非农数据下修超预期，就业风险加大，美联储降息预期升温。当前市场流 动性仍充裕，短期对市场形成有力支持，建议关注上证综指ETF（510760）等具代表性的宽基产品。 没有股票账户的投资者可以通过上证综指ETF的联接基金（011320）把握A股投资机会。 每日经济新闻 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 ...

Core Viewpoint - The trend of fund managers publicly sharing their real investment portfolios, known as "晒实盘," has gained attention, with mixed reactions from the market regarding its implications for investor behavior and transparency [2][8]. Group 1: Fund Managers' Activities - Several fund managers, including Liu Junwen from Xinyuan Fund and Ren Jie from Yongying Fund, have participated in the "晒实盘" initiative, showcasing their investment strategies and real-time portfolio updates [2][3]. - Ren Jie reported a return of 62.21% on his fund since inception, with total assets reaching 214,100 yuan as of July 11 [3]. - Liu Junwen's portfolio, named "防守反击赢," has seen a slight loss of approximately 2,700 yuan since its inception, with current assets at 113,480 yuan [5]. Group 2: Market Reactions - The initiative has been met with support from some industry professionals and investors, who believe it fosters a closer relationship between fund managers and investors, promoting rational responses to market fluctuations [2][6]. - Conversely, there are concerns that this practice may devolve into a marketing strategy that encourages investors to follow trends blindly, potentially overlooking risk management [8]. Group 3: Transparency and Trust - Fund managers argue that sharing their real portfolios enhances transparency and builds trust with investors, as it reduces information asymmetry [6][8]. - The practice is seen as a way to communicate long-term investment strategies and encourage rational investment behavior among investors [6][7]. Group 4: Potential Risks and Concerns - There are warnings about the potential for "晒实盘" to be misused as a marketing tool, which could lead to compliance issues and a lack of proper risk disclosure [8]. - The industry faces challenges in balancing increased interaction with compliance and investor education, as poor performance could lead to reduced transparency and trust [8].