Quantitative private placement swarms LOF, bull stocks and big players "sweep" ETF.

Since the beginning of this year, cross-border fund transactions have remained hot, especially for scarce cross-border commodity-type LOFs such as silver LOFs and crude oil LOFs, which continue to attract various investors and have created astonishing premium levels for related products. According to the latest disclosure of the annual report of public funds in 2025, journalists found that quantitative private equity funds have become important players behind the hot trading of LOFs. Among other types of LOF holders, individual investors have shown their skills, with many of them laying out positions in dozens of LOFs in a wide net-like pattern. As for ETFs, the positions held by individual investors are even larger, with several super individual investors holding positions exceeding ten billion yuan, and they generally concentrate their efforts on heavily betting on the technology sector.