还敢套利？国投白银LOF再出手：A类定投上限降回100元，12月29日起执行

Core Viewpoint - The Guotou Ruijin Silver Futures Securities Investment Fund (LOF) has tightened its subscription limits again due to significant price fluctuations in the secondary market, reducing the regular investment limit for Class A fund shares from 500 yuan to 100 yuan starting December 29, in an effort to guide arbitrage funds to stabilize premiums [1][4]. Group 1: Fund Subscription Limits - The fund announced a reduction in the regular investment limit for Class A shares from 500 yuan to 100 yuan, just a week after the limit was previously relaxed [4][8]. - This adjustment follows a period of high premium rates, with the fund's secondary market closing price on December 25 being 2.804 yuan, which is 45% higher than the net asset value of 1.9278 yuan on December 24 [1][10]. Group 2: Market Reactions and Risks - Following a series of price increases, the fund experienced a drop to its daily limit, reflecting market concerns over arbitrage risks [3][11]. - The fund management emphasized that the high premium rates in the secondary market are not sustainable and warned investors about potential losses due to market supply and demand, systemic risks, and liquidity risks [3][11]. - The fund was temporarily suspended from trading on December 26 to warn investors about the significant premium risk, with a possibility of further suspensions if the premium does not decrease [10].