Standard & Poor's 500 ETF Cathay: Warning of the risk of premium in the secondary market trading prices of the fund.
Guotai Fund announced that the trading price of its flagship S&P 500 ETF in the secondary market is significantly higher than the fund's net asset value, resulting in a large premium. On June 18th, the closing price of the fund in the secondary market was 1.989 yuan, while the net asset value of the fund at the close was 1.8771 yuan. If the premium does not effectively decrease on June 22nd, the fund has the right to apply for temporary suspension of trading and other measures. Investors are reminded to pay attention to product risks and invest cautiously.
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