科创债ETF鹏华(551030)近19个交易日“吸金”25.98亿，风险偏好对债券的压制可能是阶段性的

Group 1 - The bond market is currently under pressure from equity risk appetite, with the Penghua Sci-Tech Bond ETF (551030) experiencing a slight pullback and a trading volume of 1.33 billion yuan, accumulating 2.598 billion yuan over the past 19 trading days [1] - Zhongyou Securities indicates that the relative pricing between stocks and bonds has reached a balance, and the suppression of bonds by risk appetite is expected to be temporary, as the fundamental environment has not reversed [1] - The Penghua Sci-Tech Bond ETF tracks the Shanghai Stock Exchange AAA-rated Sci-Tech Innovation Company Bond Index, which selects bonds with AAA ratings and above, offering advantages such as low fees, low trading costs, high transparency, and high efficiency in redemption [1] Group 2 - Huaxi Securities believes that the policy dividends will create a broad market space for Sci-Tech bonds, and the Sci-Tech Bond ETF is expected to continue to highlight its long-term allocation value and market influence [2] - Penghua Fund has established a long-term strategy for fixed-income tools since the second half of 2018, actively laying out various fixed-income index products and aiming to become a domestic expert in fixed-income indices [2] - The total scale of bond ETFs has surpassed 30 billion yuan, reflecting the growing demand for bond index investment tools [2]