公司债ETF(511030)：选债难题交给机构，专业的人做专业的事

Core Points - China's GDP growth for the first three quarters of the year is reported at 5.2% year-on-year, with no adjustments made to the latest loan market quotation rate [1] - The market sentiment improved significantly on Monday due to easing trade tensions and concerns over US credit, with the S&P 500 index rising by 71.12 points (1.07%) to 6735.13 points and the Nasdaq increasing by 310.568 points (1.37%) to 22990.543 points [1] - The WTI crude oil price fell to its lowest level since early May, closing at $56.92 per barrel, driven by investor concerns over global supply surplus [1] - Spot gold prices reached a record high of $4381.4 per ounce, closing at $4355.67 per ounce, boosted by expectations of further interest rate cuts by the Federal Reserve [1] Company Bond ETF Performance - The Ping An Company Bond ETF (511030) has seen a counter-trend growth of 1.31 million, attributed to its short duration (1.95 years), static high yield (currently 1.97%), and minimal discount [1] - The company bond ETF has the best performance in controlling drawdown since the bond market adjustment, with a year-to-date increase of 1.07% as of October 20, 2025 [2][4] - The latest scale of the company bond ETF reached 230.45 billion, marking a one-year high [4] - The ETF's liquidity showed a turnover of 9.93% with a transaction volume of 2.287 billion, averaging 2.219 billion in daily transactions over the past week [3] - The fund flow for the company bond ETF has remained balanced, with a total inflow of 1.09 million over the last five trading days [5] Risk and Return Metrics - The company bond ETF has a maximum drawdown of 0.28% over the past six months, with a relative benchmark drawdown of 0.06% [6] - The management fee for the company bond ETF is set at 0.15%, while the custody fee is 0.05% [7] - The tracking error for the company bond ETF over the past two months is 0.013%, closely following the China Bond - Medium and High-Grade Corporate Bond Spread Factor Index [8]