共铸千亿丰碑，博时债券ETF百亿级产品集群显优势

Core Insights - The bond ETF market is thriving in a low-interest-rate environment, with the total scale of bond ETFs surpassing 500 billion yuan as of August 21, 2025, driven by investor preference for lower volatility [1] - Bosera Fund has successfully launched five bond ETFs, with a total scale exceeding 100 billion yuan for several products, including a convertible bond ETF that has surpassed 57 billion yuan [1][2] - The performance of Bosera's bond ETFs has been strong, with the convertible bond ETF achieving a cumulative return of 24.02% since inception, outperforming various benchmarks [1][2][3] Bosera Bond ETF Overview - Bosera Fund's bond ETF lineup includes five products: Convertible Bond ETF (511380), 30-Year Government Bond ETF (511130), Credit Bond ETF (159396), Sci-Tech Bond ETF (551000), and National Development Bank ETF (159650) [1][2] - The 30-Year Government Bond ETF has seen significant growth, with its scale increasing from 29.87 billion yuan at the beginning of the year to over 170 billion yuan, marking a growth rate of over 450% [2] - The Sci-Tech Bond ETF focuses on sectors like chips and new energy, achieving a yield of 14.48% since inception, significantly higher than major indices [2] Performance Metrics - The Credit Bond ETF has also performed well, with a scale exceeding 114 billion yuan and a yield of 12.01% since inception, outperforming major indices [2] - The National Development Bank ETF has shown a cumulative return of over 36.34% over the past decade, outperforming the comprehensive bond index [3] - Bosera's bond ETFs are characterized by low credit risk and good liquidity, making them attractive to investors seeking stable returns [3] Market Positioning - Bosera Fund has established a comprehensive product line in the bond ETF space, catering to diverse investor needs and preferences [5] - The bond ETFs offer advantages such as low management fees (0.15% per year) and quick trading capabilities (T+0), enhancing their appeal to investors [5] - The recent inclusion of the Credit Bond ETF and Sci-Tech Bond ETF in the general pledge-style repurchase market is expected to further enhance their liquidity and marketability [2]