Group 1 - The core viewpoint of the article emphasizes the accelerating development of the sci-tech bond market, supported by policies that enhance the bond market's ability to meet the needs of technological innovation [1] - Policies are encouraging long-term funds to increase their allocation to sci-tech bonds, which have longer durations compared to general bonds, aligning better with the duration needs of insurance and other long-term funds [1] - The valuation of sci-tech bonds is inherently higher than that of general bonds due to policy support, indicating potential for credit spread compression [1] Group 2 - The sci-tech bond ETF (551880) is highlighted as a quality allocation choice that balances risk and return, benefiting from high-grade credit bonds to withstand short-term market fluctuations [1] - The ETF also allows investors to share in the long-term development opportunities within the technology innovation sector, supported by ongoing policy incentives [1]
科创债ETF国泰（551880）盘中飘红，关注平衡风险与收益的优质配置选择
Sou Hu Cai Jing·2025-10-23 05:59