第二批科创债ETF已成机构“盘中餐”

Core Insights - The second batch of 14 Sci-Tech Bond ETFs was collectively listed on September 24, with significant trading volumes, indicating strong market interest and institutional participation [1][2] Group 1: Trading Performance - The Huatai-PineBridge CSI AAA Sci-Tech Bond ETF led the trading with a turnover exceeding 15 billion yuan, followed by the Guotai CSI AAA Sci-Tech Corporate Bond ETF with over 11 billion yuan [1][2] - The first-day net subscription for the ICBC CSI AAA Sci-Tech Corporate Bond ETF surpassed 8.5 million units, translating to over 8.5 billion yuan, while the Silver华 CSI AAA Sci-Tech Corporate Bond ETF saw a net subscription of over 7.2 billion yuan [2] Group 2: Institutional Participation - The second batch of ETFs attracted significant subscriptions from banks, wealth management, and insurance institutions, with notable participation from Industrial Bank and China Merchants Bank, each subscribing around 3 billion units [3][4] - Insurance funds were particularly active, with Taikang Life Insurance accounting for seven of the top ten holders of the Taikang CSI AAA Sci-Tech Corporate Bond ETF, collectively subscribing 2 billion yuan [4] Group 3: Market Trends - The domestic bond ETF market has rapidly expanded, surpassing 600 billion yuan, with institutional investors becoming a crucial part of the bond ETF landscape [4][5] - The upcoming regulatory changes regarding redemption fees for bond funds may drive more institutional capital towards bond ETFs, enhancing their growth potential [5]