科创债ETF鹏华(551030)收涨9bp实现6连涨，盘中成交额超70亿元

Core Viewpoint - The article highlights the strong performance of the Penghua Sci-Tech Bond ETF (551030), which has seen a 0.09% increase and achieved six consecutive gains, indicating active market trading and significant capital inflow [1]. Group 1: Market Performance - As of December 24, 2025, the Penghua Sci-Tech Bond ETF recorded a trading volume of 7.036 billion yuan, reflecting active market participation [1]. - The latest net capital inflow for the ETF was 299 million yuan, with a total of 598 million yuan accumulated over the past five trading days [1]. Group 2: Market Dynamics - Historical trends show that the bond market tends to perform strongly near year-end due to multiple favorable factors, including reduced bond supply, improved supply-demand dynamics, and accelerated fiscal spending [1]. - The central bank's intention to support year-end liquidity and the seasonal behavior of investors seeking to position themselves for the upcoming year contribute to this positive market sentiment [1]. - Expectations of a loose monetary policy may further enhance market bullishness and trigger a "positive feedback" effect in the bond market [1]. Group 3: ETF Advantages and Strategic Positioning - Compared to individual bond buying strategies, the Sci-Tech Bond ETF offers advantages such as low fees, low trading costs, high transparency, and high diversification, which help mitigate investment risks and improve capital efficiency [2]. - The Sci-Tech Bond ETF is recognized as the only indexed tool for bonds in the technology sector, with significant long-term allocation value and market influence expected to persist under favorable policy conditions [2]. - Penghua Fund has been actively developing a "fixed income tool product" strategy since the second half of 2018, aiming to establish itself as a domestic expert in fixed income indices [2].