盘中“叫停”！炒作资金再度盯上这类基金

Core Viewpoint - The article discusses the recent surge in cross-border ETFs, highlighting significant price premiums and the associated risks of market volatility and potential corrections [1][3][7]. Group 1: Market Performance - On March 21, multiple cross-border ETFs experienced substantial gains, with the Guotai S&P 500 ETF seeing a temporary suspension due to a premium rate reaching 28.55% [1][3]. - Other ETFs, such as the Southern Saudi ETF and the Invesco S&P Consumer ETF, also reported significant increases, with trading volumes exceeding 8 billion yuan and 38.73 billion yuan respectively [3][4]. Group 2: Premium Rates and Risks - The premium rates for several ETFs have surged, with the Invesco S&P Consumer ETF exceeding 43% and the Southern Saudi ETF reaching 11.83% [3][4]. - Fund managers have issued multiple risk warnings regarding high premiums, indicating that the trading prices are significantly above the net asset values, which could lead to substantial losses for investors [4][7]. Group 3: Market Dynamics - Since the beginning of the year, cross-border ETFs have been subject to high premiums and volatility, driven by speculative trading behavior [6][7]. - Despite a decline in U.S. stock indices, certain cross-border ETFs have shown resilience, with the Guotai S&P 500 ETF rising 10.24% while the S&P 500 index fell by 7.61% [6][8]. Group 4: U.S. Market Context - The U.S. stock market has been experiencing fluctuations, with major indices like the Dow Jones and Nasdaq down 5.99% and 11.79% respectively since late February [9][10]. - Factors contributing to market uncertainty include policy changes, geopolitical events, and concerns over economic growth, which may affect short-term stock performance [9][10].