The Nasdaq has been down for 6 straight days, and a lot of people are ready to buy the dip. But when they check Nasdaq ETFs in the market, the prices are still several points higher than the net asset value (NAV). For on-market products like 513100, 159941, and 513300, the intraday trading price can sometimes exceed the fund's NAV. This difference is called a premium. Here’s a simple example: If the NAV is 1 yuan, but the intraday trading price is 1.05 yuan, that’s like buying in with a 5% premium. Even if the Nasdaq stops dropping later, if the premium shrinks from 5% to 1%, that drop in premium will also impact your returns. Off-market QDII funds, on the other hand, work differently. Purchases are usually confirmed based on the fund’s NAV, so you don’t need to monitor intraday premiums. However, popular products often have purchase limits, and confirmation takes time, unlike on-market funds, which you can trade anytime. Here’s how I personally simplify it: - If you want to trade anytime, go for on-market funds, but check the premium first. - If you want to allocate slowly based on NAV, go for off-market funds, but check the quota first. ETF codes are just examples; specific data should be based on intraday information. This is purely for investment knowledge sharing and does not constitute any investment advice.