Zhongtai Securities(SH:600918) ZHONGTAI SECURITIES·2026-03-31 12:49Core Insights - The report highlights significant inflows into credit bond ETFs, with a total net inflow of 229.02 billion yuan in the past week as of March 27, 2026 [3] - Among the different types of ETFs, credit ETFs saw the highest inflow of 200.94 billion yuan, while interest rate ETFs and convertible bond ETFs had inflows of 32.66 billion yuan and outflows of 4.58 billion yuan respectively [3] - The report indicates that since 2025, cumulative net inflows for interest rate, credit, and convertible bond ETFs have reached 5742.51 billion yuan, with credit ETFs alone accounting for 4903.59 billion yuan [3] Fund Flows - As of March 27, 2026, the inflows into specific credit ETFs included 43.49 billion yuan for short-term financing bonds, 0.45 billion yuan for corporate bonds, and 28.29 billion yuan for urban investment bonds [3] - The report notes that the net inflow for science and technology innovation bonds reached 123.27 billion yuan, indicating strong investor interest in this segment [3] Performance Metrics - The report details the performance of various bond ETFs, with the 30-year government bond ETF showing a weekly increase of 0.54%, while the 10-year local government bond ETF rose by 0.15% [3] - Credit bond ETFs and science and technology innovation bond ETFs had median unit net values of 1.0191 and 1.0066 respectively, with weekly increases of 0.07% and 0.06% [4] - The report also provides duration tracking for credit ETFs, with short-term financing bond ETFs having a duration of 0.31 years, corporate bond ETFs at 2.02 years, and urban investment bond ETFs at 2.11 years [4]