Recently, chip investments have been hot, and global chip LOFs are also highly sought after. This year, over a hundred premium risk warning notices have been issued, and they are currently under close monitoring by the Shanghai Stock Exchange. Last Friday, the premium rate of global chip LOFs reached 37%, causing it to be suspended from trading starting this Monday and resumed trading at 10:30 am this morning. After resuming trading, the fund quickly rose, and by midday, the premium rate had exceeded 46%. Due to the excessively high premium, the fund was urgently suspended from trading in the afternoon and only had an hour of effective trading time for the whole day. On the evening of the 11th, the fund continued to issue premium risk warning notices and announced that it will be suspended from trading starting on May 12th and resume trading at 10:30 am on the same day. The fund holds a substantial position in several US semiconductor index products, and the recent rise of chip leaders such as NVIDIA and AMD has also increased discussions about the fund on social media platforms. However, with a premium as high as 47%, some netizens expressed concerns, stating that under the T+1 trading mechanism, they would face losses if the premium falls. Some investors mentioned the speculation craze of the silver LOF in the past. Some investors also mentioned switching to trade another popular chip fund, the Sino-Korean Semiconductor ETF. However, industry experts emphasize that this product's premium rate is also high at 20.41%, and blind investment could lead to losses. The premium rate of the global chip LOF exceeds 46%. Last Friday, the closing price of the global chip LOF under Changsheng Fund was 4.050 yuan in the secondary market, while the net asset value of the fund as of May 6 was only 2.9526 yuan, indicating a premium rate of 37.16%. The fund has been consistently trading at a high premium recently, and has issued over a hundred premium risk warning notices this year. From April 27th to May 8th, high-premium funds like the global chip LOF have been under close monitoring by the Shanghai Stock Exchange. Considering the excessive premium rate to protect investors' interests, the fund was suspended from trading this Monday and resumed trading at 10:30 am. After resuming trading, the fund's in-market trading price continued to rise, and the premium rate also continued to climb. The fund was temporarily suspended from trading this afternoon until the market closed, with only one hour of trading time for the whole day. The latest announcement shows that the fund's latest secondary market trading price at the close of today was 4.284 yuan, while the net asset value as of May 7 was 2.9178 yuan, indicating a premium rate of 46.82%. Changsheng Fund also reminded investors to closely monitor the risk of premium rates in secondary market trading, and to make investment decisions prudently. Blind investment may result in significant losses. Changsheng Fund also pointed out that the secondary market trading price of the global chip LOF not only faces risks of fluctuations in fund unit net asset value but also is influenced by factors such as market supply and demand, systemic risks, and liquidity risks, which may lead investors to losses. Looking at the fund's holdings at the end of the first quarter, the global chip LOF holds a substantial position in several US semiconductor index products, which in turn include leading chip companies such as NVIDIA, AMD, Broadcom, and TSMC. The recent rise of the US semiconductor sector has also boosted the fund's popularity. It is worth noting that the fund has been suspended from purchases since January 23 this year and is still in a state of suspension. As a result, many funds have flowed into in-market trading, further driving up the premium. The high premium rate has raised concerns, leading some investors to turn to the Sino-Korean Semiconductor ETF? The chip sector has been hot recently, and the global chip LOF has sparked wide discussions on social media platforms, with some netizens even referring to it as the "King of Semiconductors." However, with a high premium rate of up to 47%, many netizens expressed concerns on social media platforms and said they dare not enter easily. Some netizens pointed out that the global chip LOF follows the T+1 trading mechanism, meaning that once bought, they cannot be sold on the same day. If the premium rate falls the next day, they may face losses. Some netizens also drew parallels between the market performance of the global chip LOF and the high premium situation of the silver LOF in the past. However, some netizens boldly bought in and believed that the actual premium situation was not as exaggerated. An industry expert told a reporter, "The global chip LOF is a QDII product, and the net asset value update is delayed. Today's premium rate is calculated based on the net asset value as of May 7, but the chip sector continued to rise on the 8th, and this upward movement has not yet been reflected in the net asset value. With the continued updates of the product's net asset value, if the secondary market trading price remains stable and the gains from the 8th are incorporated into the net asset value, the premium rate of this product is expected to fall to a less exaggerated level. So some investors dare to buy with a 46% premium rate." Some netizens mentioned that due to the excessively high premium of the global chip LOF, they switched to trading the Sino-Korean Semiconductor ETF under Huatai Bairui Fund. Yet, as of today's closing, the premium rate of the Sino-Korean Semiconductor ETF was also high at 20.41%, and investors may still face losses if they blindly invest. Industry experts emphasize that high premiums may lead to higher investment risks, and investors need to remain rational and cautious. Especially for in-market funds involving cross-border investments, sudden fluctuations in overseas markets during the night could rapidly lead to a decrease in the premium rate the next day, resulting in potential losses for investors. Furthermore, investing in in-market funds also requires attention to liquidity risks. Some in-market funds have small scales, and if there is concentrated selling, it could trigger liquidity risks. This article is a reprint from "Cailianshe", written by Li Di; GMTEight Editor: Huang Xiaodong.