可转债ETF(511380)交投活跃上涨1.12%，最新规模创成立以来新高，可转债后续行情表现备受关注

Core Viewpoint - The convertible bond market is experiencing increased activity and a shift in dynamics, with a notable rise in the number of bonds being redeemed and a tightening supply amid stable institutional demand [1][2]. Group 1: Market Performance - As of August 18, 2025, the China Convertible Bond and Exchangeable Bond Index rose by 0.96%, while the Convertible Bond ETF increased by 1.12%, reaching a price of 13.39 yuan [1]. - The Convertible Bond ETF has seen a cumulative increase of 1.81% over the past week, indicating a positive trend in the market [1]. - The latest scale of the Convertible Bond ETF reached 52.582 billion yuan, marking a new high since its inception [2]. Group 2: Liquidity and Trading Activity - The Convertible Bond ETF recorded a turnover rate of 10.04% during trading, with a transaction volume of 5.315 billion yuan, reflecting active market participation [1]. - Over the past week, the average daily trading volume of the Convertible Bond ETF was 9.659 billion yuan [1]. Group 3: Fund Flows and Leverage - The Convertible Bond ETF experienced a net outflow of 10.5628 million yuan recently, but over the past five trading days, there were three days of net inflows totaling 3.114 billion yuan [2]. - The net purchase amount of leveraged funds for the Convertible Bond ETF reached 8.275 million yuan this month, with the latest financing balance at 1.061 billion yuan [2]. Group 4: Performance Metrics - As of August 15, 2025, the Convertible Bond ETF achieved a 27.06% increase in net value over the past five years, ranking 16th out of 164 index bond funds [2]. - The ETF's maximum monthly return since inception was 6.61%, with the longest streak of consecutive monthly gains being seven months [2]. - The historical probability of profit for holding the ETF for three years is 76.17% [2]. Group 5: Risk and Tracking Accuracy - The Convertible Bond ETF has a Sharpe ratio of 2.12 over the past year, indicating strong risk-adjusted returns [3]. - The maximum drawdown for the ETF this year was 6.04%, with a recovery period of 79 days [3]. - The management fee for the Convertible Bond ETF is 0.15%, and the custody fee is 0.05% [4]. - The tracking error for the ETF over the past three months was 0.012%, demonstrating its close alignment with the underlying index [5].