Multiple cross-border ETFs continue to trade at high premiums, and fund companies frequently issue warning announcements.

Jin10 data reported on April 9th that in the recent volatile market, multiple cross-border ETFs have been trading at a high premium, with the highest premium rate for the Invesco Great Wall S&P Consumption ETF exceeding 24%. Under the sustained high premium conditions, fund companies frequently issue warning announcements, and some even take measures to suspend trading for one hour. Statistical data shows that since April, there have been more than 70 announcements warning about excessive premiums. Historically, high premiums often indicate that market trading heat is high, and this state may be difficult to sustain. When market sentiment cools down, or when funds open for subscription, arbitrageurs often flood in. Arbitrage activities will cause fund prices to rapidly pull back to levels close to net value, and the premium range will quickly narrow.