公募新势力入场，债券ETF年内增长超5000亿元

Core Insights - The bond ETF market has experienced significant growth in 2023, with the number of products reaching 53 and total assets increasing to 684.4 billion yuan, a 280% rise from the beginning of the year [1][4] - The bond ETF landscape is diversifying, with three main categories: interest rate bond ETFs, credit bond ETFs, and convertible bond ETFs, including the newly launched Sci-Tech bond ETFs that align with national innovation strategies [1][2] - Institutional investors, including pension funds and public mutual funds, are increasingly allocating to bond ETFs, while individual investor interest is also rising [2][9] Market Growth - As of September 28, 2023, 33 new bond ETFs have been launched this year, contributing to a total scale increase of over 50% from 529.43 billion yuan at the beginning of the year to 801.52 billion yuan by year-end [4] - The total scale of bond ETFs surpassed 2 trillion yuan in February 2025, and by July, it exceeded 5 trillion yuan, marking a historic high [4][9] - The Sci-Tech bond ETFs have been particularly successful, with 10 products raising nearly 29 billion yuan shortly after their launch, significantly boosting the overall bond ETF market size [4][5] Institutional Participation - Major players in the bond ETF space include Hai Fu Tong Fund, which was the first to surpass 100 billion yuan in bond ETF assets, and Bo Shi Fund, which joined the "trillion club" in August 2023 [10] - New entrants such as Hua Tai Bai Rui Fund and Yong Ying Fund have accelerated their participation in the bond ETF market, enhancing market vitality [10] - Analysts predict that the demand for bond ETFs will continue to rise as institutional investors shift focus towards broader asset allocation strategies rather than individual bond selection [11]