债市至暗时刻，公司债ETF（511030）回撤小贴水少可做债市避风港

Core Insights - The total scale of credit bond ETFs has decreased to 356 billion yuan, with a daily decline of 0.8 billion yuan, indicating a challenging market environment for these financial instruments [1] - The liquidity in the market remains robust, with an overall transaction amount of 63.1 billion yuan and an average single transaction amount of 2.99 million yuan [1] - The performance of Ping An Company Bond ETF (511030) stands out, showing a net inflow of 456 million yuan over the past week, contrasting with the general trend of outflows in the market [1] Liquidity - The company bond ETF experienced a turnover of 0.5% during the trading session, with a transaction volume of 114 million yuan [2] - Over the past week, the average daily transaction volume for the company bond ETF reached 2.192 billion yuan [2] Scale and Fund Flows - The latest scale of the company bond ETF is 22.848 billion yuan, with fund inflows and outflows remaining balanced [3] - In the last five trading days, the ETF attracted a total of 97.7382 million yuan in net inflows, indicating continued interest from leveraged funds [3] Performance Metrics - The company bond ETF has seen a net value increase of 13.60% over the past five years, with a maximum monthly return of 1.22% since inception [3] - The ETF has a historical profitability rate of 100% for three-year holdings, with a monthly profitability probability of 79.33% [3] Drawdown and Fees - The maximum drawdown for the company bond ETF in the last six months is 0.19%, which is slightly higher than the benchmark's drawdown of 0.08% [4] - The management fee for the company bond ETF is set at 0.15%, while the custody fee is 0.05% [5] Tracking Accuracy - The tracking error for the company bond ETF over the past month is 0.013%, indicating a high level of precision in tracking its benchmark [6] Index Tracking - The company bond ETF closely tracks the China Bond - Medium and High-Grade Corporate Bond Spread Factor Index, which serves as a performance benchmark for medium and high-grade corporate bonds [7]