信用债ETF广发（159397）规模突破100亿元

Group 1 - The core viewpoint is that the credit bond ETF market is expanding significantly, with the Guangfa Credit Bond ETF (159397.SZ) surpassing 10 billion yuan in scale, indicating a new growth phase [1] - The Guangfa Credit Bond ETF was established on January 22 this year with an initial fundraising of 2.235 billion yuan and has seen continuous net inflows for 21 consecutive trading days, reaching a latest scale of 10.962 billion yuan by June 18 [1] - The ETF closely tracks the Shenzhen Benchmark Market Credit Bond Index, which includes high-rated credit bonds primarily from state-owned enterprises, ensuring strict credit risk control [1] Group 2 - Policy support has been crucial for the growth of credit bond ETFs, with the China Securities Regulatory Commission (CSRC) promoting the development of these products and allowing them to be included in the general repurchase pledge library [2] - The fund manager of Guangfa Credit Bond ETF highlights three main attractions: significant liquidity advantages, lower management fees compared to similar active products, and risk diversification through index tracking [2] - The introduction of T+0 trading and physical redemption mechanisms enhances trading activity, while the inclusion in the general pledge library allows investors to optimize fund usage through reverse repurchase operations [2]