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Guoshia S&P Oil & Gas Exploration and Production Select Industry Exchange Traded Open-End Index Securities Investment Fund (QDII) Faces Premium Risk and Trading Suspension
On March 23, 2026, Harvest Fund Management Co., Ltd. announced that recently, the trading price of the company’s flagship S&P Oil & Gas Exploration and Production Select Industry ETF (QDII) (fund code: 159518, on-market abbreviation: S&P Oil & Gas ETF Harvest) in the secondary market has been significantly higher than its net asset value per share, resulting in a substantial premium. We hereby remind investors to closely monitor the premium risk associated with secondary market trading prices and to make cautious investment decisions. If investors blindly buy at a high premium far above the actual value of the assets, they may face significant investment losses due to a decline in the secondary market price later on.
To protect the interests of fund shareholders, the fund will suspend trading from the opening on March 24, 2026, until 10:30 a.m. on the same day, and will resume trading at 10:30 a.m. on March 24, 2026. During the suspension period, redemption services for the fund will continue as usual. If the premium of the fund’s secondary market trading price does not effectively decrease by March 24, 2026, the fund reserves the right to request a temporary intra-day suspension or extended suspension from the Shenzhen Stock Exchange to alert the market of the risk.
According to available information, this fund is an index-type fund focused on overseas stocks, with the latest price at 1.428 yuan, up 10.02% from the previous day, with a trading volume of 7.179 billion yuan. The fund was established on November 1, 2023, managed by Harvest Fund Management Co., Ltd., and custodied by China Merchants Bank Co., Ltd. The current fund size is 1.243 billion yuan (as of December 31, 2025).
As of December 31, 2025, the fund’s stock net ratio is 99.46%, with no bond net value ratio, and a cash net ratio of 0.56%.
The fund manager is Zhang Zhongyu, who has been in the position for over 10 years and has managed this fund since November 2, 2023. The fund’s cumulative return since management began is 19.52%. Currently, he manages 23 funds with a total asset scale of 24.568 billion yuan.