精准聚焦高等级科创债，科创债ETF工银（159116）上市首日规模突破百亿

Core Insights - The importance of bond services for technology innovation companies has increased significantly, driven by the booming market and rising demand for allocation in this sector [1][2] - The Science and Technology Innovation Bond ETF (工银, code: 159116) has gained market attention since its launch, with active trading on its first day and significant inflows [1] - The ETF is designed as a tool for asset allocation, duration management, and liquidity management, offering advantages over traditional bond funds [1][2] Performance Metrics - As of September 24, the ETF recorded a trading volume of 6.815 billion yuan and a net inflow of 8.544 billion yuan, with a total circulation scale of 11.505 billion yuan [1] - The underlying index, 中证AAA科技创新公司债指数, has shown a cumulative return of 13.77% since its base date of June 30, 2022, with a maximum drawdown of -2.30% [2] - The ETF raised 2.972 billion yuan during its subscription period, and on its first trading day, it surpassed 10 billion yuan in scale, indicating strong market demand for technology innovation bonds [2] Investment Strategy - The ETF employs a rigorous dual credit screening mechanism, ensuring that all constituent bonds have an AAA rating, which provides a safety margin for investors [2] - The ETF's low management and custody fees of only 0.2% enhance its attractiveness for investors seeking efficient investment vehicles [1][2] - The ongoing support from technology finance policies positions the ETF as a crucial link between social capital and technological innovation [2]