长久期国债投资

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债市震荡期长久期国债看好,国债ETF5至10年(511020)近5个交易日净流入3163.48万元
Sou Hu Cai Jing· 2025-09-08 02:02
Core Insights - The government bond ETF (511020) for 5 to 10 years is experiencing a stalemate in trading, with the latest price at 116.83 yuan as of September 8, 2025, and a cumulative increase of 3.26% over the past year as of September 5, 2025 [3]. Trading Activity - The trading volume for the government bond ETF was 0% during the day, with a total transaction value of 23,400 yuan. Over the past week, the average daily trading volume was 1.047 billion yuan [3]. - The latest fund size for the government bond ETF reached 1.506 billion yuan [3]. Fund Flows - The fund flow for the government bond ETF is currently balanced, with a total inflow of 31.6348 million yuan over the last five trading days [3]. Performance Metrics - Over the past five years, the net value of the government bond ETF has increased by 21.53%. Since its inception, the highest monthly return was 2.58%, with the longest consecutive months of increase being 10 months and the maximum increase during that period being 5.81%. The win-loss ratio for monthly performance is 54/25, with an annual profit percentage of 100.00% and a monthly profit probability of 71.02%. The historical probability of profit over a three-year holding period is also 100.00% [3]. Drawdown Analysis - The maximum drawdown over the past six months for the government bond ETF was 1.25%, compared to a benchmark drawdown of 0.51%. The recovery time after the drawdown was 21 days [3]. Fee Structure - The management fee for the government bond ETF is 0.15%, while the custody fee is 0.05% [4]. Tracking Accuracy - As of September 5, 2025, the tracking error for the government bond ETF over the past month was 0.033%. The ETF closely tracks the CSI 5-10 Year Government Bond Active Index, which includes bonds with maturities of 5, 7, and 10 years, calculated using a non-market capitalization weighted method [5].