Oil LOF issues premium risk warning

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Everyday Economic News AI Express, March 29, Petro­leum LOF (162719) released a premium risk warning announcement. Guangfa Fund Management Co., Ltd., on behalf of its Guangfa Dow Jones U.S. Oil Development and Production Index Securities Investment Fund (QDII-LOF) (fund code: 162719, on-exchange short name: Petroleum LOF), has seen the transaction price in the secondary market rise at a significantly higher premium. The trading price is clearly deviating from the fund’s net asset value per share as of the previous valuation day. As of the date of this announcement, the Fund is operating normally, and there is no other major information that should have been disclosed but has not been disclosed. The fund manager reminds investors to pay attention to the risk of a premium in secondary market trading prices. If, on March 30, the premium in the secondary market trading price does not effectively fall back, the Fund has the right to apply to the Shenzhen Stock Exchange for an intraday temporary suspension of trading or an extension of the trading suspension time to warn of risks. If investors blindly invest in fund shares with a high premium rate, they may suffer significant losses.

Daily Economic News

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