再现“一日售罄”！首批规模已增超3倍，为何受追捧？

Core Viewpoint - The article highlights the strong demand for the newly launched Sci-Tech Bond ETFs, indicating a growing interest from institutional investors in bond ETF products due to their unique characteristics and the current market environment [2][3][4]. Group 1: Launch and Demand - On September 12, 14 new Sci-Tech Bond ETFs were launched, with each product having a subscription limit of 3 billion yuan [1]. - The Tianhong Sci-Tech Bond ETF completed its fundraising in just one day, attracting over 2.9 billion yuan, showcasing institutional investors' preference for bond ETFs [2][3]. - The scarcity of Sci-Tech Bond ETFs and their ability to fill gaps in bond investment tools are key factors driving their popularity [2][4]. Group 2: Product Features and Performance - The Tianhong Sci-Tech Bond ETF offers T+0 trading, a minimum fee rate of 0.2%, and high credit quality investment targets, making it an attractive option for investors [3]. - The index tracked by the Tianhong ETF, the CSI AAA Sci-Tech Bond Index, consists of bonds primarily issued by central state-owned enterprises, with 99% of the components rated AAA or higher [3]. - As of August 29, 2025, the index has an annualized return of 4.37%, with a low annualized volatility of 1.05% and a maximum drawdown of -1.41%, indicating strong performance metrics [3]. Group 3: Market Context and Future Outlook - The issuance of Sci-Tech Bonds is seen as a crucial part of the financial system supporting technological innovation, aligning with national development strategies [4]. - The first batch of Sci-Tech Bond ETFs raised a total of 28.99 billion yuan in one day, and their total scale exceeded 123 billion yuan by September 12, indicating robust market interest [5]. - The current market environment, characterized by low macro interest rates and supportive policies, is expected to favor the continued growth of the bond market, particularly for Sci-Tech Bonds [5][6].