GuoFeng Nasdaq 100 Exchange-Traded Fund (QDII) faces premium risk

SadMoneyMeow · 2026-04-01T23:02:21+00:00

Fullgoal Fund Management Co., Ltd. Announcement: The trading price of its Nasdaq ETF (513870) in the secondary market has recently been significantly higher than its net asset value. Investors are reminded to pay attention to the risk of premium, which may lead to substantial losses. If the price remains persistently high, the fund will take suspension measures to warn of risks.

SadMoneyMeow

2026-04-01 23:02:21

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On April 1, Tianfu Fund Management Co., Ltd. issued an announcement stating that, recently, the secondary market trading price of the company’s Tianfu Nasdaq 100 exchange-traded open-ended index securities investment fund (QDII) (expanded abbreviation: Nasdaq ETF Tianfu; product code: 513870) has been clearly higher than the fund’s unit reference net asset value (IOPV), resulting in a substantial premium. This is hereby to remind investors to pay attention to the risk of a premium in secondary market trading prices. If investors invest blindly, they may suffer significant losses. If the fund’s premium level in secondary market trading price as of April 1, 2026 has not effectively fallen back, the fund is entitled to take measures such as applying to the Shanghai Stock Exchange for an intraday temporary suspension, extending the suspension period, and continuous suspensions to warn the market of risks.

It is understood that this fund type is an index fund—overseas stocks. Its latest price is 1.5621 yuan. The fund was established on October 25, 2023. The fund manager is Tianfu Fund Management Co., Ltd., and the fund custodian is China Merchants Bank Co., Ltd. The fund’s current size is 2.020 billion yuan (as of December 31, 2025).

Data as of December 31, 2025: the fund’s net exposure to stocks is 90.04%, with no exposure to bonds; cash as a percentage of net assets is 8.17%.

The fund manager is Ge Junyang. His total time in the role is 293 days. He has served as the fund manager since July 4, 2025. His tenure return is -2.86%. He currently manages a total of 21 funds, with a total fund asset size of 9.627 billion yuan.

(Editor: Guo Jiandong)

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