SOE Ruiyin Response to Silver LOF Valuation Adjustment: No Advance Notice, Intended to Avoid Panic and Run on Assets

LOFA31%22 yesterday evening announced that it would adjust the valuation method of the silver futures contracts held by its Guotou silver LOF. As a result, the adjusted net asset value of Guotou Ruiyin silver futures A on the same day fell by more than 31%, which was the result of revaluation according to the new valuation method. However, this valuation adjustment has sparked huge controversy among investors, with the core focus on the timing of the adjustment - why was the announcement not made until after the close of trading on February 2nd? In response to this, Guotou Ruiyin Fund told reporters that if they had announced it earlier, they were worried that it would be interpreted as intentionally guiding investors not to redeem, leading to speculation that the fund's asset liquidity was in serious trouble, causing market panic and triggering a run on the fund.