公司债ETF(511030)：穿越牛熊周期的资管巨轮

Core Insights - The total scale of credit bond ETFs reached 481.8 billion yuan, with a daily increase of 1.99 billion yuan, indicating a positive trend in the market despite overall fund outflows from credit bond ETFs [1] - The Ping An Company Bond ETF (511030) experienced a counter-trend growth of 102 million yuan, attributed to its short duration (1.94 years), static high yield (currently 1.95%), minimal discount (weekly average -0.02%), and small drawdown (-0.50% year-to-date) [1][4] Market Liquidity - The overall transaction amount for credit bond ETFs was 201.3 billion yuan, with an average single transaction amount of 5.51 million yuan [1] - The median turnover rate was 38.3%, reflecting a healthy trading environment [1] Valuation Metrics - The median yield was 1.89%, with a median discount rate of -17.6 basis points [1] - The Ping An Company Bond ETF maintained a stable net value with a year-to-date increase of 1.19% as of October 27, 2025 [4][5] Fund Performance - The Ping An Company Bond ETF ranked first in drawdown control, with a maximum drawdown of 0.28% over the past six months [8] - The ETF has seen continuous net inflows over the past three days, totaling 12.2 million yuan, with an average daily net inflow of 4.08 million yuan [7] Fund Size and Shares - The latest scale of the Ping An Company Bond ETF reached 23.19 billion yuan, marking a one-year high [5] - The latest share count reached 218 million shares, also a six-month high [6] Tracking Accuracy - The tracking error for the Ping An Company Bond ETF over the past two months was 0.013%, indicating a high level of precision in tracking the underlying index [9]