规模破8000亿！债券ETF扩容领跑ETF市场，指数化投资成新趋势

Core Viewpoint - The bond ETF market has experienced significant expansion over the past year, with total scale surpassing 800 billion yuan, marking it as one of the most concentrated segments within the ETF system [1][3]. Group 1: Market Expansion - As of December 31, 2025, the total scale of bond ETFs reached 829.024 billion yuan, an increase of 655.051 billion yuan from the beginning of the year, representing the highest growth rate among all ETF categories [3]. - The number of bond ETFs in the market has reached 53, accounting for 3.78% of all ETFs, with their net asset value now comprising 13.77% of the total ETF assets [3]. - The expansion of bond ETFs is primarily driven by the introduction of benchmark market-making credit bond ETFs and sci-tech bond ETFs, both of which were newly launched in 2025 and have rapidly accumulated scale [2][4]. Group 2: Structural Insights - In the sci-tech bond ETF segment, the CSI AAA Technology Innovation Company Bond Index has gained 16 ETF products, with a total management scale of 280.748 billion yuan by the end of 2025 [4]. - The Shanghai Stock Exchange benchmark market-making corporate bond index has attracted ETF products with a total management scale of 79.857 billion yuan, while the Shenzhen benchmark market-making credit bond index has reached 47.560 billion yuan [4]. - The introduction of these new products has enriched the index-based investment tools available in the credit bond sector, providing new avenues for the expansion of bond ETFs [4]. Group 3: Investment Value - The ongoing expansion of bond ETFs signifies a shift in bond investment from traditional, institutional, and non-standardized methods towards a more transparent and efficient index-based approach [5]. - Bond ETFs are increasingly seen as essential tools for connecting capital with the bond market, moving beyond their previous role as supplementary instruments [5]. - Compared to traditional bond funds, bond ETFs offer advantages in trading mechanisms, transparency, and portfolio stability, making them attractive for medium to long-term capital allocation [6].