科创债ETF银华9月12日发行，科创债投资再添利器

Core Viewpoint - The capital market has introduced a comprehensive set of policies to support the integration of technological innovation and industrial innovation, with the launch of the Sci-Tech Bond ETF by Yinhua on September 12, providing investors with a tool to seize opportunities in the sci-tech bond market [1] Group 1: ETF Characteristics - The Yinhua Sci-Tech Bond ETF primarily invests in components of the CSI AAA Sci-Tech Innovation Company Bond Index, which includes bonds rated AAA and AA+ or above, reflecting the overall performance of sci-tech innovation company bonds [1] - The index has five key features: 1. Large market capitalization and the highest number of sample bonds among similar indices 2. High-quality components mainly from central and state-owned enterprises 3. Diversified components to reduce investment risk 4. Short to medium duration characteristics, allowing for opportunities from declining risk-free rates and credit spread compression 5. Strong historical performance with a cumulative return of 13.33% and an annualized return of 4.92% since the beginning of 2023 [1] Group 2: Cost Efficiency - The Yinhua Sci-Tech Bond ETF has a low fee structure, with a total management and custody fee of 0.20% per year, which is lower than other bond funds [1] - The ETF allows for intraday T+0 trading, enhancing investment efficiency by enabling investors to sell or redeem their shares on the same day [1] Group 3: Future Outlook - The continuous strengthening of policies is expected to provide solid institutional support for the development of the sci-tech bond market, making the Yinhua Sci-Tech Bond ETF an attractive option for investors looking to capture new opportunities in the bond market [1]