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

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QQQM

QQEW

TQQQ

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

- On May 25, 2026, GF Fund Management announced that the trading price of its Nasdaq 100 ETF was significantly higher than its reference net asset value, indicating a notable premium.  
- The ETF's closing price was 1.6450 CNY, with a reference net asset value of 1.5098 CNY, prompting a warning to investors about the premium risk and potential significant losses from indiscriminate investment.  
- If the premium persists, the fund may apply for temporary trading suspension measures to signal market risks; as of March 31, 2026, the fund's total assets were 27.625 billion CNY.

同壁财经

NASDAQ-100

Invesco Nasdaq 100 ETF

Invesco QQQ Trust

First Trust NASDAQ-100 Equal Weighted

Proshares UltraPro QQQ

ProShares Ultra QQQ

GF NASDAQ 100 ETF

GF SECURITIES

GF SEC

Bank Of China

BANK OF CHINA

BOC HONG KONG

Bank of China

The trading price of GF Nasdaq 100 Exchange-Traded Open-Ended Index Securities Investment Fund in the secondary market has shown a premium risk