Core Viewpoint - The article highlights the increasing premium risk associated with QDII funds, driven by market volatility and speculative trading, urging investors to exercise caution to avoid significant losses [2][4][10]. Group 1: Premium Risk Alerts - Multiple QDII funds have issued frequent premium risk alerts, with 21 alerts in April alone and over 1660 alerts issued by fund companies in total this year [3][10]. - On May 13, both the S&P Consumer ETF and S&P 500 ETF experienced a trading halt due to their prices significantly exceeding their net asset values, prompting urgent risk warnings from fund companies [5][6]. Group 2: Market Dynamics - The surge in premium rates for cross-border ETFs and LOF funds has been notable, with some funds issuing daily alerts since early May [3][8]. - Factors contributing to the heightened premium include positive signals from US-China trade talks, short-term rebounds in overseas markets, and liquidity issues in certain ETFs [9]. Group 3: Specific Fund Examples - The S&P Consumer ETF and S&P 500 ETF recorded price increases of 10.04% and 10.01% respectively on May 13, with trading volumes reaching 30.15 billion and 36.49 billion yuan, and premium rates of 25.03% and 19.68% [6]. - Other funds, such as the Huashang Nasdaq ETF and Huabao New Opportunities LOF, have also reported significant premiums, prompting similar risk warnings from their respective fund companies [9].