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Silver LOF: Each generation has its own tiered system (B)
The Guotou UBS Silver LOF triggered an arbitrage frenzy due to its high premium, but after the silver price plummeted, the fund company revised its valuation rules overnight, resulting in a 31.5% drop in net asset value in a single day. Investors suffered heavy losses, repeating the tragedy of the 2015 leveraged ETF B shares.
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The financial industry is all about paid knowledge services.
Financial tycoons are collectively "going into business": instead of shorting Nvidia, they're selling courses and online communities.
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