公司债ETF(511030)短久期、静态高、贴水少、回撤小，近5个交易日净流入超1亿

Group 1 - The total scale of credit bond ETFs reached 499.6 billion yuan, with a daily increase of 0.99 billion yuan, while the benchmark market-making ETF decreased by 0.46 billion yuan and the Sci-Tech bond ETF increased by 0.19 billion yuan [1] - The median weighted duration is 3.4 years, with an overall transaction amount of 166.3 billion yuan and an average single transaction amount of 5.87 million yuan [1] - The median yield is 1.93%, and the median discount rate is -12.0 basis points, with the benchmark market-making at -23.8 basis points and the Sci-Tech bond at -7.8 basis points [1] Group 2 - In January, the bond market entered a narrow fluctuation pattern due to a lack of strong policy and fundamental drivers, with no year-end rush market as expected [2] - The market focus at the beginning of the month was on the actual bond purchase scale by the central bank in October, leading to a return to a fluctuating market [2] - By the end of the month, the volatility of the bond market curve increased significantly due to multiple disturbances, including rumors of public fund redemption fee adjustments and large redemptions of bond ETFs [2] Group 3 - The latest scale of the company bond ETF reached 25.716 billion yuan, a new high in nearly a year, with the latest share reaching 241 million, also a new high in six months [5] - The company bond ETF saw a net inflow of 21.3077 million yuan, with three out of the last five trading days showing net inflows totaling 112 million yuan [5] - The maximum drawdown of the company bond ETF in the past six months is 0.28%, with a relative benchmark drawdown of 0.04% [5] Group 4 - The management fee rate for the company bond ETF is 0.15%, and the custody fee rate is 0.05% [6] - The tracking error of the company bond ETF over the past month is 0.012%, closely tracking the China Bond - Medium to High Grade Corporate Bond Spread Factor Index [7]