第四十四期：参与ETF投资时可能面临的风险（下）

Group 1 - The article discusses various risks associated with ETF investments, including arbitrage risk, operational or technical risk, and delisting risk [1][2][3] - Arbitrage risk arises due to the time required for investors to complete arbitrage transactions, as well as transaction costs and market conditions affecting the ability to effectively arbitrage [1] - Operational or technical risks may occur due to system failures impacting the normal execution of trades, which can affect investor interests [1] - Delisting risk is highlighted, indicating that ETFs may be terminated if they no longer meet exchange listing requirements or through decisions made by fund shareholders [2] Group 2 - Investors are advised to clarify their investment needs, including goals and the specific market or industry themes they wish to target [2] - Understanding the risks associated with ETF investments is crucial, and investors should refer to the fund's prospectus for detailed risk disclosures [2] - Attention should be paid to the liquidity and tracking performance of ETFs, with a recommendation to choose larger, more liquid ETFs with lower tracking errors [2]