S&P Oil & Gas ETF warns of secondary market premium risk

Golden Ten Data reported on March 10 that Wells Fargo Fund Management Co., Ltd. announced that its S&P Oil & Gas Exploration & Production Select Industry Exchange Traded Open-ended Index Securities Investment Fund (QDII) (full name: S&P Oil & Gas ETF; product code: 513350) is trading at a significantly higher price in the secondary market compared to the fund's indicative optimized portfolio value (IOPV), resulting in a substantial premium. Investors are hereby reminded to pay attention to the premium risk of secondary market trading prices. If investors invest blindly, they may suffer significant losses.