STOCKS | Harvest Nasdaq ETF Warns of Secondary-Market Premium Risk

Harvest Nasdaq ETF said its secondary-market trading price has recently been significantly higher than the fund unit’s indicative net asset value, resulting in a sizable premium. According to Jin10, the fund said that on July 10 its closing price was 2.053 yuan, while the indicative net asset value per unit at the close was 1.8948 yuan. The fund said that if the premium does not effectively decline by July 13, it may apply for measures such as a trading suspension. It added that investors can trade in the secondary market or subscribe and redeem units, and that the trading price is influenced by multiple factors. The fund said it is operating normally and has no undisclosed information that should be disclosed.