On January 30, the Easy Investment MSCI USA 50 ETF (513850), which hit the limit down yesterday, continued to hit the limit down after resuming trading today. Currently, the premium of the ETF is less than 15%, significantly narrowing from the premium of over 42% it had before. Despite the volatility, investor enthusiasm for cross-border ETFs remains high. Meanwhile, there are more cross-border ETFs in the market preparing for issuance. For example, the ChinaAMC MSCI USA 50 ETF started its issuance today, with the sale period from January 30, 2024 to March 22, 2024. It is worth noting that recently, fund companies related to cross-border ETFs have continuously issued announcements, warning investors to pay attention to the risk of premium prices in the secondary market. If investors blindly invest, they may suffer significant losses. He Zhe, Director of the FOF Investment Department at HSBC Jintrust Fund, said that over the past two years, some overseas markets such as the US, India, and Vietnam have performed well, prompting some investors to seek related investment opportunities. Some investors may be investing in this type of product for the first time, and the appearance of discounts and premiums caught them off guard, resulting in a large amount of funds buying into onshore shares and causing price fluctuations. Ren Tong, an analyst at CICC, stated that in 2023, the scale of cross-border ETFs maintained high growth, with varieties such as the US and Japan being popular. By the end of 2023, the scale of cross-border ETFs was about 286 billion yuan. In terms of growth rate, the overall scale of cross-border ETFs in 2023 increased by 45.53%, with the scale of the Japanese market ETF growing by over 5 times. Industry insiders say that with the A-share market continuing to fluctuate, cross-border ETFs are attracting more attention from domestic investors. Regulators have also expressed their intention to expand the QDII quota, broaden the channels for public funds to invest in overseas markets, leading to a significant increase in the number and scale of QDII funds. Wind data shows that as of January 18, there are a total of 278 QDII funds in the market (calculated by different shares), with 61 being newly issued funds in 2023, with a total issuance scale of 10.845 billion yuan, an increase of about 53% year-on-year. At the same time, there are 30 QDII funds that have been approved and are currently awaiting issuance.