国投白银LOF今日公告，本基金二级市场的收盘价为3.116元，明显高于基金份额净值，投资者如果盲目投资于高溢价率的基金份额，可能面临较大损 失。本基金将于2025年12月25日开市起至当日10:30停牌，自2025年12月25日10:30复牌。 目前，本基金A类基金份额申购金额上限为500.00元。后续，本基金管理人将调整A类基金份额申购限额，本基金二级市场价格的高溢价率不具备可持续 性，敬请特别关注。 | 国投自银LOF Z | | | --- | --- | | 161226 L1 ▼ | | | 3.100 | 今开 3.110 最高 3.116 最低 3.116 | | 0.40 | 总手 207.9万 金额 6.48亿 量比 999% 0283 | | 电子 | 最新净值 1.8527 折价率… -68.19% 最新份额 26.01亿 | | 国投瑞银白银期货( ... 12-23净值 1.8527 近一年收益 110.30%> | | | 分时 | 即多▼ 五日 EK 周Ｋ 月Ｋ | | 均线▼ MA5:2.639↑ 10:2.340↑ 20:1.999↑ DK点 】 不复权 | | | 3.11 ...

12月23日，国投瑞银旗下的国投白银LOF（161226）在二级市场再次涨停，实现了连续两个交易日的涨 停。自11月25日以来，该基金在短短21个交易日内实现了超过100%的价格涨幅。 根据当日公告披露的数据，国投白银LOF的场内交易价格与基金份额净值存在显著偏离。截至12月23日 收盘，该基金场内价格相较最新A类份额净值的溢价率达到57.5%。国投瑞银基金在公告中表示，投资 者如果盲目投资于高溢价率的基金份额，可能面临较大损失，为保护投资者利益，基金已多次实施临时 停牌，并发布了密集的溢价风险提示。 为应对高溢价，国投瑞银基金近期对基金申购额度进行了调整。据12月23日晚间的公告，自12月26日 起，国投白银LOF的C类基金份额大额申购上限将进一步下调至100元。此前，A类份额申购上限已从 100元提高至500元，C类份额上限已从1000元下调至500元。国投瑞银基金的公告指出，提高A类份额限 额旨在增加场内供给，引导市场价格回归理性，而降低C类份额限额则是为了减缓规模的短期波动，保 障基金的正常运作。 值得注意的是，另一只国投瑞银旗下的LOF基金——国投瑞盈LOF（161225）在同期也出现异常波动。 该 ...

白银的火热，正以一种近乎疯狂的方式在二级市场上演。 12月23日，国投白银LOF再度斩获涨停，实现两连板。拉长时间来看，该基金在短短21个交易 日内便实现了超100%的涨幅，令人咋舌。 然而，狂欢背后暗藏风险。截至目前，该基金场内溢价率已飙升至惊人的57.5%，严重偏离基金 净值。令人啼笑皆非的是，疯狂的炒作资金甚至"走错了门"，带动名字和代码相近的国投瑞盈 LOF也意外涨停。 同时，基金公司也在尝试通过调整申购限额为市场降温。 这场属于白银的炒作和博弈，究竟还能火多久？近期，基金公司频频通过紧急停牌、发布风险提 示以及灵活调整A/C两类份额限额等组合拳，试图引导市场回归理性。 国投白银LOF两连板 12月23日，国投白银LOF因为高溢价率在开市起至当日10:30停牌，自10:30复牌，复牌后便迅速 拉升，11：00左右涨停，全天成交额11.89亿元，换手率16.86%。 这已经是国投白银LOF连续两天涨停，前一天的12月22日，该基金已经"10cm"涨停，而如果拉 长时间来看，该基金自11月25日以来已经上涨了106.04%，仅用了21个交易日便实现翻倍。 国投白银LOF成立于2015年8月6日，是一只商品 ...

白银的火热，正以一种近乎疯狂的方式在二级市场上演。 12月23日，国投白银LOF再度斩获涨停，实现两连板。拉长时间来看，该基金在短短21个交易日内便实现了超 100%的涨幅，令人咋舌。 然而，狂欢背后暗藏风险。截至目前，该基金场内溢价率已飙升至惊人的57.5%，严重偏离基金净值。令人啼 笑皆非的是，疯狂的炒作资金甚至"走错了门"，带动名字和代码相近的国投瑞盈LOF也意外涨停。 这场属于白银的炒作和博弈，究竟还能火多久？近期，基金公司频频通过紧急停牌、发布风险提示以及灵活调 整A/C两类份额限额等组合拳，试图引导市场回归理性。 国投白银LOF两连板 12月23日，国投白银LOF因为高溢价率在开市起至当日10:30停牌，自10:30复牌，复牌后便迅速拉升，11：00 左右涨停，全天成交额11.89亿元，换手率16.86%。 这已经是国投白银LOF连续两天涨停，前一天的12月22日，该基金已经"10cm"涨停，而如果拉长时间来看，该 基金自11月25日以来已经上涨了106.04%，仅用了21个交易日便实现翻倍。 国投白银LOF成立于2015年8月6日，是一只商品期货基金，主要投资于白银期货主力合约，业绩比较基准为上 ...

12月22日，国投瑞银白银LOF（161226）场内交易再现极端行情，溢价率攀升至47.63%，创下该基金成 立以来历史最高纪录，临近收盘场内成交涨停，成交价达到2.575元，而其最新参考净值仅约1.7442元。 作为国内唯一一只跟踪白银期货的公募基金，国投白银LOF的热度与白银市场的强势表现密切相关。 2025年以来，全球贵金属市场迎来"白银时间"，伦敦现货白银年内涨幅突破114%，COMEX白银期货涨 超111.9%，上海白银期货年内涨幅也已翻倍，强劲的资产表现吸引大量投资者涌入相关标的。数据显 示，该基金规模从2024年底的21.78亿元暴涨至2025年三季度末的66.4亿元，增幅超200%，12月中旬单 日成交额曾突破17亿元，换手率高达29%。 此次极端溢价的形成，核心源于供给约束与套利机制失效的双重作用。基金四季度起实施严格限购，A 类份额单日申购上限仅100元，C类份额1000元，大量资金无法通过场外申购入场，转而集中涌入场内 二级市场"抢筹"，直接推高交易价格。同时，LOF基金场内外套利存在T+2时滞，且小额限购导致套利 资金难以规模化运作，无法有效平抑溢价，进一步加剧了价格与净值的背离。 面 ...

Core Viewpoint - The recent surge in the National Investment Silver LOF fund has led to a trading halt and a significant premium rate exceeding 47%, raising concerns about potential risks for investors buying at high premiums [1][2][10]. Group 1: Fund Performance - On December 22, the National Investment Silver LOF resumed trading after a 1.5-hour halt, experiencing a rapid price increase, with a peak rise of over 8% before closing at a 10% increase [2][4]. - The fund's market price has increased by over 87% since November 25, with a closing price of 2.575 yuan and a trading volume of 527.39 million shares [3][4]. Group 2: Premium Rate and Risk Warnings - The premium rate for the fund reached 47.63%, prompting the fund company to issue 11 risk warning announcements since December 1, advising investors of the potential for significant losses if they invest at high premiums [4][10]. - Industry experts indicate that the high premium is partly due to the fund's limited supply and the recent surge in silver prices, suggesting that the premium may quickly disappear if silver prices decline [10][11]. Group 3: Fund Management Actions - To mitigate the high premium, the fund company has adjusted the subscription limits for the A and C class shares, increasing the A class limit from 100 yuan to 500 yuan and decreasing the C class limit from 1000 yuan to 500 yuan [5][8]. - The adjustments aim to increase the effective supply of shares in the market, helping to cool down the overheated trading sentiment and guide market prices back to a rational range [8]. Group 4: Market Dynamics and Investor Behavior - The fund's performance is influenced by the limited availability of silver futures and the lack of market makers compared to more common equity ETFs, which can lead to greater price volatility [9][10]. - Investors are advised to be cautious of the high premium and to understand the characteristics and pricing mechanisms of the fund to avoid potential losses from buying at inflated prices [11].

Core Viewpoint - The recent surge in the National Investment Silver LOF fund has led to a trading halt and a significant premium rate exceeding 47%, raising concerns about potential risks for investors who buy at high premiums [2][6][12]. Group 1: Market Performance - On December 22, the National Investment Silver LOF resumed trading after a 1.5-hour suspension, experiencing a rapid price increase, with a peak rise of over 8% before closing at a 10% gain [4][6]. - The fund's market price has increased by over 87% since November 25, with a closing price of 2.575 yuan and a trading volume of 1.331 billion yuan [6][4]. Group 2: Premium Rate and Risk Warnings - The premium rate for the National Investment Silver LOF reached 47.63%, prompting the fund company to issue 11 risk warning announcements since December 1, advising investors of potential losses if they invest blindly at high premiums [6][12]. - Industry experts indicate that the high premium is partly due to the fund's limited supply and the recent surge in silver prices, suggesting that the premium may quickly disappear if silver prices decline [13][12]. Group 3: Fund Management Adjustments - To mitigate the high premium, the fund company has adjusted the subscription limits for the National Investment Silver LOF, increasing the upper limit for A-class shares from 100 yuan to 500 yuan, while reducing the limit for C-class shares from 1000 yuan to 500 yuan [8][10]. - The adjustments aim to enhance the effective supply of shares in the market and provide a cooling mechanism for overheated trading sentiment [8][10]. Group 4: Operational Challenges - The fund has faced challenges due to frequent inflows and outflows of capital, which can significantly increase tracking errors and affect the fund's performance against its benchmark [10][11]. - The fund's investment in silver futures contracts means that large fluctuations in capital can lead to frequent portfolio adjustments, increasing transaction costs and impacting investor interests [10][11].

近日，在白银价格大涨的影响下，国投白银LOF产品出现大幅溢价，已在多个交易日停牌一小时。12月 19日，对于国投白银LOF出现的大幅溢价，国投瑞银基金发布风险提示公告称，基金二级市场收盘价明 显高于基金份额净值，投资者如果盲目投资于高溢价率的基金份额，可能面临较大损失。 白银ETF获期待 国投白银LOF持续高溢价背后存在多方面原因。机构人士认为，除了白银价格大涨刺激投资者涌入外， 目前国内投资白银期货的公募基金数量有限、基金场外申购受限、LOF产品套利机制效率偏低等也是重 要影响因素。 一方面，国投白银LOF是目前国内投资白银期货的唯一一只场内基金，投资者选择相对有限，加上白银 价格大涨，致使投资者蜂拥而入。 12月以来，这已经是该公司就国投白银LOF产品发布的第10次风险提示。国投瑞银基金表示，基金管理 人将调整国投白银LOF的A类基金份额申购限额，基金二级市场价格的高溢价率不具备可持续性。公告 显示，12月22日起，国投白银LOF的A类、C类基金份额业务申购上限调整为500元。此前，该基金A份 额申购上限仅有100元。 警惕高溢价风险 Wind数据显示，12月19日，国投白银LOF在早盘停牌一小时，复牌后 ...

（原标题：白银涨疯了！无风险套利轻松赚30%，是真的吗？） 白银涨疯了，今年以来价格已经翻倍。截至12月19日，COMEX白银今年以来上涨了123.46%，远大于 黄金涨幅65.34%。尤其11月底以来白银价格犹如"坐上火箭"，不到1个月涨了30%。 由于白银投资渠道相对较少，财小圈近期发现，国内唯一一只白银期货基金最近涌进了大量的投资 者，"国投白银LOF"也从默默无闻的小众投资品种成为炙手可热的热门基金。 Wind数据显示，"国投白银LOF"12月17日流通份额为24.81亿份，较3个月前增加24.92%，较年初大增 163.94%。涌进来的投资者既有看好白银的投资者，也有单纯的套利投资者——只因"国投白银LOF"的 场内价格已经严重偏离净值，12月18日价格为2.332元，而12月18日该基金的净值为1.7614，溢价率高达 32.39%，也就是说这只基金场内交易价格比净值高32.39%！ 这意味着投资者只要在场内申购"国投白银LOF"再卖出，转手可赚30%左右的收益！不过由于参与套利 的投资者太多，交易所早就将该基金申购金额上限降到100元，每天每个账户只允许申购100元。但依然 阻挡不了大家小额套利 ...

Core Viewpoint - The surge in silver prices has led to a significant premium for the Guotou Ruijin Silver Futures Securities Investment Fund (LOF), with a premium rate reaching 36%, causing the market price to deviate substantially from the net asset value of the fund [1][4][12]. Fund Performance and Actions - The Guotou Ruijin Fund has issued multiple premium risk warning announcements, with ten issued in December alone, and has implemented temporary trading suspensions to manage volatility [1][4][12]. - On December 19, the fund's market price fell over 8% at one point but later narrowed to approximately 4.3% [1][4]. - To curb speculative trading, the fund has limited daily subscription amounts to 500 yuan [5][15]. Market Dynamics - As of December 17, the fund's net asset value was 1.7164 yuan, while the market closing price on December 18 was 2.332 yuan, indicating a significant premium [4][14]. - The fund's performance has been influenced by the rapid increase in silver prices, which have risen by 70.34% since November 24, with an annual increase exceeding 173% [5][16]. Silver Market Outlook - The silver market has seen a substantial increase in demand, particularly from the photovoltaic industry, which is expected to drive annual silver demand up by nearly 13% by 2030 [9][10][19]. - Analysts predict a structural supply gap of approximately 95 million ounces in the global silver market by 2025, marking the fifth consecutive year of supply shortages [9][19]. - Despite the recent price surge, caution is advised as any unexpected data or policy changes could amplify market volatility [19][20].