跨境ETF密集发布溢价提示 短期错配频现 追高买入风险大

Core Viewpoint - Recent observations indicate that multiple cross-border ETFs have experienced temporary premiums in the secondary market, attracting market attention [1] Group 1: Market Dynamics - The cross-border ETF valuation mechanism, combined with structural capital flows, leads to a situation where "prices lead and net values lag," making short-term mismatches more likely [1] - The pace of premium convergence is influenced by redemption efficiency, market sentiment, and external conditions, highlighting the need for caution regarding short-term trading risks [1] Group 2: Growth Trends - The scale of cross-border ETFs has continued to expand rapidly this year, with several thematic products showing significant growth [1] - The overall sector is accelerating its expansion due to a combination of sustained inflows of incremental capital and the continuous introduction of new products, resulting in increased market participation and product diversity [1]