QDII fund secondary market frequently trades at a premium, with some products being suspended from trading multiple times during the day, and the subscription and redemption status is not restricted.

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On June 20th, Jinshi Data reported that the CSOP NASDAQ 100 ETF (QDII), managed by CSOP Fund, has recently traded at a price significantly higher than its net asset value, indicating a high premium risk. The fund has been suspended from trading since 10:30 am on June 20th. CSOP Fund has issued multiple warning announcements regarding the premium risk of the fund earlier this year. Similar QDII funds managed by other fund companies, such as E Fund, Bosera, and Penghua Fund, have also issued similar warnings recently. Some of them are still available for subscription and redemption, providing arbitrage opportunities for both onshore and offshore investors. However, some analysts point out that onshore premium may also be affected by market supply and demand, systemic risk, liquidity risk, and other factors, which may lead to losses for investors. (Source: Meijing)

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