The premium rate of multiple on-site LOFs continues to soar, and fund companies urgently implement a "two-stop-one-day" warning to highlight risks.

On June 24th, many onshore LOF products saw their premium rates continue to surge, attracting high market attention. For example, the premium rate of global chip LOF exceeded 28%, and the intraday premium rate of Caitong Fuxin Flexible Allocation Fund even approached 50% at one point. Faced with this extreme market situation, many fund companies urgently implemented "two consecutive halt" control measures and issued a large number of premium risk warnings. The number of such warnings issued this year has already exceeded a hundred. At the same time, on platforms such as WeChat, Xiaohongshu, and Douyin, many internet users have been sharing strategies for "scalping" LOF for profits, with phrases such as "understand it after reading, earn hundreds in a day, regular people can replicate, painless arbitrage..." which are tempting to many. Industry insiders point out that high premiums essentially reflect irrational chasing of price increases, combined with insufficient liquidity of some products and a high proportion of individual investors, a premium pullback may bring a double impact of net asset value decline and premium contraction. For ordinary investors, blindly participating in high premium onshore games carries great risks. It may be a more prudent choice to rationally evaluate holdings, gradually exit, or choose to purchase off-market funds based on net asset value.