STOCKS | Guangfa Nasdaq ETF Warns of Premium Risk in Secondary-Market Trading

Guangfa Nasdaq ETF said its secondary-market trading price has recently been significantly higher than the fund share reference net asset value, resulting in a large premium. According to Jin10, on July 24 the fund closed at 1.5690 yuan, while its reference net asset value at the close was 1.4437 yuan. If the premium does not effectively narrow on July 27, the fund may apply for suspension and other measures to warn of the risk. Investors may trade in the secondary market or subscribe and redeem the fund, and the trading price is affected by multiple factors and may cause losses. The fund said operations are normal and there is no material information that should have been disclosed but has not been disclosed.