科创债ETF博时(551000)红盘震荡，近5个交易日合计“吸金”21.91亿元，券商上半年科创债承销额超3800亿

Core Viewpoint - The recent statistics indicate a significant increase in the underwriting of Sci-Tech bonds, with a notable rise in participation from securities firms and a substantial growth in the total underwriting amount, reflecting a shift in investment preferences towards high-grade credit bonds amid a low-interest-rate environment [3][4]. Group 1: Market Performance - As of July 28, 2025, the Sci-Tech Bond ETF by Bosera (551000) rose by 0.03%, with the latest price at 99.65 yuan [3]. - The trading volume for the Sci-Tech Bond ETF reached 91.29 million yuan, with a turnover rate of 0.96% [3]. - The average daily trading volume over the past year was 2.643 billion yuan [3]. Group 2: Underwriting Statistics - In the first half of 2025, 68 securities firms participated in the underwriting of Sci-Tech bonds, an increase of 23 firms year-on-year [3]. - The total underwriting amount for Sci-Tech bonds was 381.391 billion yuan, representing a year-on-year increase of over 50% [3]. Group 3: Investment Trends - The current low-interest-rate environment has led to a scarcity of high-grade credit bonds, creating an "asset shortage" for institutional funds [3]. - The Sci-Tech Bond ETF is viewed as a premium choice for institutional investors due to its policy support and higher coupon yields [3]. - The ETF's tool-like characteristics cater to the needs of patient capital such as social security and pension funds for efficient portfolio adjustments [3]. Group 4: Fund Characteristics - The latest scale of the Sci-Tech Bond ETF by Bosera is 9.556 billion yuan [3]. - The fund experienced a net outflow of 199,300 yuan recently, but had a total inflow of 2.191 billion yuan over the past five trading days [4]. - The maximum drawdown since inception is 0.36%, with a relative benchmark drawdown of 0.08% [4]. - The management fee is 0.15% and the custody fee is 0.05%, making it one of the lowest in its category [4]. - The tracking error for the year to date is 0.029%, indicating high tracking precision compared to similar funds [4].