--- title: "The trading price of GF Nasdaq 100 Exchange-Traded Open-Ended Index Securities Investment Fund in the secondary market has shown a premium risk" type: "News" locale: "en" url: "https://longbridge.com/en/news/287527085.md" description: "Guangfa Fund Management Co., Ltd. announced that its Guangfa Nasdaq 100 Exchange-Traded Fund has recently seen its secondary market trading price significantly exceed the reference net asset value of the fund shares, resulting in a premium risk. On May 25th, the closing price of the fund was 1.6450 yuan, while the reference net asset value was 1.5098 yuan. Investors need to pay attention to the premium risk and make cautious decisions. If the premium does not decline, the fund may apply for a trading halt to warn the market" datetime: "2026-05-25T11:26:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287527085.md) - [en](https://longbridge.com/en/news/287527085.md) - [zh-HK](https://longbridge.com/zh-HK/news/287527085.md) --- # The trading price of GF Nasdaq 100 Exchange-Traded Open-Ended Index Securities Investment Fund in the secondary market has shown a premium risk On May 25th, GF Fund Management Co., Ltd. announced that recently, the trading price of its GF Nasdaq 100 Exchange-Traded Fund (referred to as: Nasdaq ETF GF; fund code: 159941) in the secondary market was significantly higher than the reference net asset value (IOPV) of the fund shares, resulting in a substantial premium. On May 25, 2026, the closing price of the fund in the secondary market was CNY 1.6450, while the reference net asset value (IOPV) at closing was CNY 1.5098. This is a serious reminder to investors to closely monitor the premium risk of the secondary market trading price and make prudent investment decisions; blind investment may lead to significant losses. If the premium of the fund's secondary market trading price on May 26, 2026, does not effectively decline, the fund has the right to apply for a temporary suspension of trading in the market, extend the suspension period, and implement continuous suspension measures through the Shenzhen Stock Exchange to warn the market of risks. It is understood that this fund is an index-type - overseas stock fund, with the latest price at CNY 1.645, up 3.59% from the previous day, and a trading volume of CNY 2.702 billion. The fund was established on June 10, 2015, managed by GF Fund Management Co., Ltd., and custodied by Bank of China Limited. The current fund size is CNY 27.625 billion (as of March 31, 2026). As of March 31, 2026, the fund's stock net ratio is 89.68%, with no bond net ratio, and cash accounts for 8.23% of the net ratio. The fund manager is Liu Jie, who has served for more than 12 years and has been the fund manager since August 6, 2018, with a cumulative return of 260.49%. Currently, he manages a total of 41 funds, with a total asset size of CNY 107.135 billion ### Related Stocks - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [159941.CN](https://longbridge.com/en/quote/159941.CN.md) - [000776.CN](https://longbridge.com/en/quote/000776.CN.md) - [01776.HK](https://longbridge.com/en/quote/01776.HK.md) - [601988.CN](https://longbridge.com/en/quote/601988.CN.md) - [03988.HK](https://longbridge.com/en/quote/03988.HK.md) - [02388.HK](https://longbridge.com/en/quote/02388.HK.md) - [BACHY.US](https://longbridge.com/en/quote/BACHY.US.md) ## Related News & Research - [Trump Backs Out Of AI Executive Order Amid Fears It Could Hurt US Tech Edge— 'Don't Want To...Get In The Way Of That Lead'](https://longbridge.com/en/news/287353802.md) - [Consumer sentiment sinks to an all-time low. Is this about Democrats' distaste for Trump?](https://longbridge.com/en/news/287411228.md) - [GRAPHIC-U.S. equity funds record outflows on caution over higher yields](https://longbridge.com/en/news/287352727.md) - [Fed Delay Fuels Yield Surge as Inflation Risks Persist](https://longbridge.com/en/news/287177279.md) - [Analysts warn of uneven market gains as risks mount](https://longbridge.com/en/news/287551345.md)