Core Viewpoint - Multiple LOF products are experiencing significant premiums in the secondary market, prompting fund companies to issue risk warnings to investors [1][2]. Group 1: Fund Companies' Risk Warnings - Fund companies have issued announcements regarding the premium risk of their funds in the secondary market, highlighting the need for investor caution [2][3]. - On June 26, Fortune Fund announced that its Industrial 4.0 Index Fund (A-class) was trading at a price of 1.051 CNY per share, significantly above its net asset value (NAV) of 0.9660 CNY per share, indicating a notable premium [2]. - Similarly, on June 26, Harvest Fund reported that its Flexible Allocation Fund was trading at 1.381 CNY per share, compared to its NAV of 1.2071 CNY per share, also showing a significant premium [2]. Group 2: Market Dynamics and Premium Risks - The A-share market experienced substantial gains on June 24 and 25, leading to increased demand for certain funds and resulting in unusual price movements and high premium rates [4]. - LOF funds' real-time trading prices are typically based on their NAV and are influenced by market supply and demand, which can lead to price volatility [4]. - The overall scale and trading volume of LOF funds are relatively small, making their secondary market prices susceptible to market fluctuations, where even a small amount of capital can significantly impact prices [4]. Group 3: Investor Risks - High premium levels in LOF funds increase the risks associated with trading in the secondary market, as investors may face price correction risks when short-term factors affecting supply and demand dissipate [4]. - Investors also face liquidity risks due to potential trading suspensions when premium rates are high, which could prevent them from selling their holdings during such periods [5].
多只LOF,提示风险
Zhong Guo Ji Jin Bao·2025-06-26 16:13