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公募新势力入场 债券ETF年内增长超5000亿元
2 1 Shi Ji Jing Ji Bao Dao·2025-09-29 06:53

Core Viewpoint - The bond ETF market is experiencing rapid growth, with a significant increase in the number of products and total assets under management, indicating a strong demand and evolving investment landscape in this sector [1][4][10]. Group 1: Market Expansion - As of September 28, the number of bond ETFs reached 53, with a total scale of 684.4 billion yuan, an increase of over 500 billion yuan since the beginning of the year, representing a growth of 280% [1][4]. - The bond ETF market has diversified into three main categories: interest rate bond ETFs, credit bond ETFs, and convertible bond ETFs, with the recent introduction of the Sci-Tech Innovation Bond ETF enhancing the investment tool matrix [1][2]. Group 2: Institutional Participation - Increasing allocations to bond ETFs are observed from pension funds, social security, annuities, and public FOF funds, alongside a growing interest from individual investors [2][11]. - Major players in the bond ETF space include Hai Fu Tong Fund, Guotai Fund, and Ping An Fund, with new entrants like Huatai Baichuan Fund and Morgan Asset Management accelerating their participation this year [2][10]. Group 3: Performance of Sci-Tech Innovation Bond ETFs - The newly launched Sci-Tech Innovation Bond ETFs have shown remarkable performance, with 10 products raising nearly 29 billion yuan, pushing the total bond ETF scale above 400 billion yuan [5][6]. - As of September 18, the second batch of 14 Sci-Tech Innovation Bond ETFs raised a total of 40.79 billion yuan, with several products exceeding 10 billion yuan in scale [6]. Group 4: Trading Activity - The average daily trading volume of bond ETFs has significantly increased, from 38.4 billion yuan in January to over 220 billion yuan in September, reflecting growing market activity [9]. - Bond ETFs are becoming essential tools for institutional investors due to their advantages in liquidity, low risk, and stable returns, positioning them as a core asset allocation strategy [9]. Group 5: Future Outlook - Analysts predict continued growth in the bond ETF market, driven by increasing demand for diversified asset allocation strategies among institutional investors [11]. - The supportive government policies for technology innovation are expected to further enhance the development and market capacity of Sci-Tech Innovation Bond ETFs [6].