规模突破270亿元创成立以来新高！30年国债ETF(511090)近10天获得连续资金净流入

Core Viewpoint - The 30-year government bond ETF (511090) has shown significant growth in both liquidity and scale, indicating strong market interest and potential investment opportunities in the bond sector [1][2]. Group 1: Market Performance - As of August 20, 2025, the 30-year government bond ETF increased by 0.30%, with the latest price at 120.48 yuan [1]. - The ETF experienced a trading volume of 63.44 billion yuan, with a turnover rate of 23.35%, reflecting active market participation [1]. - Over the past week, the average daily trading volume reached 115.13 billion yuan [1]. Group 2: Fund Scale and Inflows - The latest scale of the 30-year government bond ETF reached 270.67 billion yuan, marking a new high since its inception [1]. - The ETF's total shares have also reached 226 million, another record since its launch [1]. - In the last 10 days, the ETF has seen continuous net inflows, with a peak single-day inflow of 1.274 billion yuan, totaling 5.569 billion yuan in net inflows [1]. Group 3: Economic Context - The report from Zheshang Fixed Income suggests that the anti-involution policy aims to address the issue of disorderly competition among local governments, balancing short-term growth with long-term quality development [2]. - As the anti-involution policy progresses, a shift from supply-driven economic growth is expected, with a potential contraction in short-term investment and credit demand [2]. - The capital market may take over from real estate as a key driver for increasing household wealth in the near future [2].