Core Viewpoint - The total scale of bond ETFs in the market has surpassed 310 billion yuan, marking a nearly 80% increase compared to the end of last year, indicating a growing preference for low-risk assets among investors and an optimization of the domestic ETF market product structure [1][3]. Group 1: Growth of Bond ETFs - As of June 9, the total scale of bond ETFs reached 310.67 billion yuan, an increase of 136.09 billion yuan from the end of 2024, reflecting a growth rate of 78.23% [3]. - The bond ETF market has seen rapid growth, with significant milestones reached: surpassing 1 billion yuan in May 2024, 1.5 billion yuan in November 2024, and 2 billion yuan in February 2025 [3]. - The growth of bond ETFs is attributed to their low fees, efficient investment, and low entry barriers, making them increasingly popular among investors [3]. Group 2: New Fund Contributions - New bond ETFs have become a significant driving force in the market, with 8 newly established funds raising a total of 21.71 billion yuan this year [4]. - The total management scale of these new bond ETFs has reached 76.83 billion yuan, more than doubling since their issuance [4]. - Existing bond ETFs have also seen net inflows, with notable increases in the scale of short-term bond ETFs, government financial bond ETFs, 30-year treasury bond ETFs, and corporate bond ETFs [4]. Group 3: Market Dynamics and Future Outlook - The increase in bond ETF scale is driven by a "bond bull" market, with a continuous decline in the 10-year treasury yield and a backdrop of "asset scarcity," prompting investors to utilize bond ETFs for duration strategies [6][7]. - Factors contributing to the rapid growth of bond ETFs include higher market liquidity and transparency, lower costs, improved regulatory frameworks, and a shift in investor risk preferences towards risk management [7]. - The bond ETF market is expected to continue expanding, supported by regulatory backing, increased focus from fund companies, and growing acceptance among investors [8].