Group 1 - The core viewpoint of the news is that the credit bond ETF from Bosera is experiencing active trading and has shown resilience in its performance despite short-term market challenges [1][2]. - As of July 29, 2025, the Bosera credit bond ETF is priced at 100.75 yuan, with a recent drop of 0.18% [1]. - The ETF has a recent trading volume of 24.04 billion yuan, indicating a high level of market activity, with an average daily trading volume of 46.04 billion yuan over the past month, ranking it first among comparable funds [1][2]. Group 2 - The latest scale of the Bosera credit bond ETF has reached 12.094 billion yuan, with a net inflow of 4.44 billion yuan over the last 21 trading days [2]. - The ETF has shown a net value increase of 1.11% over the past six months, ranking 20 out of 480 in the index bond fund category, placing it in the top 4.17% [2]. - Since its inception, the ETF has recorded a maximum drawdown of 0.89%, with a recovery time of 26 days [2]. Group 3 - The management fee for the Bosera credit bond ETF is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [3]. - The tracking error for the ETF over the past six months is 0.008%, indicating the highest tracking precision among similar funds [3]. - The ETF closely tracks the Shenzhen benchmark market-making credit bond index, reflecting the operational characteristics of the credit bond market in Shenzhen [3].

Core Viewpoint - The article emphasizes the rapid development and approval of the Sci-Tech Bond ETF by Bosera Fund, aligning with national policies to enhance financing channels for technology innovation companies [1][3]. Group 1: Policy and Market Response - On June 18, the Lujiazui Forum signaled a strong policy direction to develop Sci-Tech bonds, prompting Bosera Fund to quickly respond by submitting the Sci-Tech Bond ETF application [1]. - The approval of the Sci-Tech Bond ETF within two weeks highlights the government's targeted guidance for technology finance and fills a gap in the bond ETF market focused on "hard technology" [3]. Group 2: Product and Index Overview - The Bosera CSI AAA Technology Innovation Company Bond ETF tracks the CSI AAA Technology Innovation Company Bond Index, which includes 646 constituent bonds with a total market value of 903.1 billion yuan, primarily from central and state-owned enterprises [3]. - The index focuses on financing in technology sectors such as semiconductors and new energy, linking bond investments with the development of new productive forces [3]. Group 3: Fund Performance and Strategy - Bosera Fund has established a comprehensive bond ETF product system, including five bond ETFs, with a total of 11 bond index products, providing a panoramic investment tool for investors [4]. - The fund's credit bond ETFs have collectively generated over 4.5 billion yuan in profits last year, reflecting the company's commitment to professional investment management and quality product service [4]. Group 4: Contribution to Technology Finance - The article outlines Bosera Fund's ongoing efforts in the Sci-Tech sector since 2021, launching multiple ETFs focused on various technology themes, including AI and semiconductors, to enhance the financing ecosystem for hard technology companies [7]. - Bosera Fund's extensive portfolio includes over 60 technology-themed active and passive index funds, with a total scale exceeding 50 billion yuan, positioning the company as a key player in supporting China's technological rise [7].

Core Insights - On June 4, 2025, a total of 295 ETF funds experienced net buying from major funds, while 181 ETF funds faced net selling [1] - The top five ETFs with net buying exceeding 100 million yuan included Credit Bond ETF Bosera, Credit Bond ETF, 5-Year Local Government Bond ETF, National Debt ETF, and Corporate Bond ETF E Fund, with net purchases of 2.003 billion yuan, 1.927 billion yuan, 1.566 billion yuan, 1.342 billion yuan, and 649 million yuan respectively [1][3] - Among stock ETFs, 71 funds saw net buying over 10 million yuan, with the A500 Index ETF, Hong Kong Securities ETF, Securities ETF, Sci-Tech Innovation 50 ETF, and Hong Kong Stock Connect Innovative Drug ETF leading with net purchases of 419 million yuan, 316 million yuan, 198 million yuan, 190 million yuan, and 164 million yuan respectively [3][5] Net Buying and Selling Trends - A total of 197 ETFs have seen continuous net buying recently, with the top performers being Hong Kong Non-Bank ETF (13 days), Entrepreneurial Large Cap ETF (12 days), and others [9][11] - The Credit Bond ETF has received significant net buying, totaling 7.650 billion yuan over the past five days, indicating strong interest from major funds [16][18] - Conversely, 53 ETFs experienced net selling exceeding 10 million yuan, with Silver Hua Daily ETF, Huabao Tianyi ETF, and others leading in net selling amounts [5][7] Recent Performance - Over the past five days, 65 ETFs have accumulated net buying exceeding 100 million yuan, with the Credit Bond ETF leading at 7.649 billion yuan [18] - In the same period, 9 ETFs faced net selling over 100 million yuan, with Silver Hua Daily ETF leading at 4.028 billion yuan [20][22] - Continuous net selling has been observed in 76 ETFs, with the Red Dividend Low Volatility 50 ETF leading at 3.692 billion yuan over 14 days [15][16]

Group 1 - The core viewpoint of the news is that the credit bond ETF from Bosera is experiencing a strong performance due to favorable market conditions, particularly in light of recent deposit rate cuts [3][4] - The credit bond ETF has seen a significant increase in trading volume, with a recent turnover of 9.59% and a daily average transaction volume of 3.96 billion yuan over the past week [3] - The fund's scale has grown by 1.187 billion yuan in the past week, ranking second among comparable funds [3] Group 2 - The fund has attracted net inflows of 1.286 billion yuan over the past five trading days, indicating strong investor interest [4] - The credit bond ETF has maintained a positive performance record, with a monthly profit percentage of 66.67% and a historical three-month profit probability of 100% [4] - The fund's management fee is 0.15%, and its tracking error is the lowest among comparable funds at 0.009% [4]

Group 1 - The core viewpoint indicates that the credit bond ETF from Bosera is experiencing a tight market with a recent price of 100.77 yuan and a trading volume of 2.59 billion yuan, reflecting a 3.52% turnover rate [3] - The credit bond ETF has reached a new high in scale at 75.75 billion yuan and a new high in shares at 75.2171 million, ranking in the top quarter among comparable funds [3] - The fund has seen continuous net inflows over the past six days, with a maximum single-day net inflow of 5.25 billion yuan, totaling 15.35 billion yuan and an average daily net inflow of 2.56 billion yuan [3] Group 2 - Leveraged funds are increasingly investing in the credit bond ETF, which has recorded net purchases for eight consecutive days, with the latest financing balance reaching 55.00 yuan [4] - The credit bond ETF has shown strong performance with a monthly profit percentage of 66.67% and a historical three-month holding profit probability of 100.00% [4] - The fund has the lowest management fee rate of 0.15% and a custody fee rate of 0.05% among comparable funds, with the highest tracking accuracy of 0.009% year-to-date [4]

Group 1 - The core viewpoint of the news highlights the performance and market activity of the credit bond ETF Bosera (159396), which has shown a slight increase of 0.01% to a price of 100.51 yuan as of May 19, 2025 [3] - The liquidity of the credit bond ETF Bosera is strong, with a turnover rate of 52.75% and a trading volume of 3.179 billion yuan, indicating active market participation [3] - According to Zheshang Securities, the conclusion of the tariff negotiations has boosted economic growth expectations and risk appetite, while uncertainty in future tariff policies has led to a lack of directional trading momentum in the bond market [3] Group 2 - The credit bond ETF Bosera has experienced a significant growth in scale, increasing by 3.245 billion yuan over the past three months, ranking in the top quarter among comparable funds [3] - In terms of share volume, the credit bond ETF Bosera has seen an increase of 9.768 million shares in the past month, placing it in the top half of comparable funds [3] - The fund has maintained a balanced inflow and outflow of capital recently, with a net inflow of 188 million yuan over the last five trading days, averaging a daily net inflow of 37.642 million yuan [3] Group 3 - The credit bond ETF Bosera has demonstrated strong profitability, with a monthly profit percentage of 66.67% since its inception, and a 100% probability of profit over a three-month holding period [4] - The maximum drawdown since inception for the credit bond ETF Bosera is 0.89%, with a relative benchmark drawdown of 0.10%, and a recovery period of 26 days [4] - The management fee for the credit bond ETF Bosera is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [4]

Group 1 - The core viewpoint is that the credit bond ETF market in China has significant growth potential, supported by regulatory backing, focus from fund companies, and increasing investor acceptance [2] - The latest price of the credit bond ETF Bosera is 100.49 yuan, with a trading volume of 1.317 billion yuan, indicating active market participation [2] - The credit bond ETF Bosera has reached a new high in scale at 6.029 billion yuan, ranking in the top quarter among comparable funds [3] Group 2 - In terms of share growth, the credit bond ETF Bosera saw an increase of 10.408 million shares in the past month, placing it in the second quarter among comparable funds [3] - The fund has experienced a net inflow of 475 million yuan over the last five trading days, with an average daily net inflow of approximately 9.494 million yuan [3] - The credit bond ETF Bosera has a management fee rate of 0.15% and a custody fee rate of 0.05%, which are the lowest among comparable funds [3] Group 3 - The fund has demonstrated strong performance, with a historical monthly profit percentage of 66.67% and a 100% probability of profit over a three-month holding period [3] - The maximum drawdown since inception is 0.89%, with a relative benchmark drawdown of 0.10%, and a recovery period of 26 days [3] - The tracking error over the past three months is 0.008%, indicating the highest tracking precision among comparable funds [3]

Core Viewpoint - The recent adjustments in bond review policies by regulatory authorities have led to a more stringent requirement for issuers regarding debt repayment capabilities and information disclosure, impacting the approval pace for weaker credit quality platforms [2][3]. Group 1: Market Performance - As of May 13, 2025, the credit bond ETF Boshi (159396) rose by 0.01%, with a latest price of 100.56 yuan [2]. - The trading volume for the credit bond ETF Boshi reached 10.26 billion yuan, indicating active market participation, with an average daily transaction of 20.52 billion yuan over the past month [2]. - The latest scale of the credit bond ETF Boshi reached 5.918 billion yuan, marking a new high since its inception and ranking it in the top quarter among comparable funds [2]. Group 2: Fund Inflows and Performance - The credit bond ETF Boshi has seen continuous net inflows over the past three days, totaling 407 million yuan, with a peak single-day inflow of 286 million yuan [3]. - The fund has recorded a maximum drawdown of 0.89% since inception, with a recovery period of 26 days [3]. - The management fee for the credit bond ETF Boshi is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [3]. Group 3: Index Tracking and Holdings - The credit bond ETF Boshi closely tracks the Shenzhen benchmark market-making credit bond index, which reflects the operational characteristics of the credit bond market in Shenzhen [3]. - As of April 30, 2025, the top ten weighted stocks in the Shenzhen benchmark market-making credit bond index accounted for 8.59% of the total index [4].

Core Viewpoint - The credit bond ETF from Bosera has shown positive performance and growth in both liquidity and scale, indicating a favorable investment opportunity in the current market environment [3][4]. Group 1: Performance Metrics - As of May 8, 2025, the Bosera credit bond ETF (159396) increased by 0.03%, with a latest price of 100.41 yuan [3]. - The ETF's average daily trading volume over the past month reached 22.01 billion yuan [3]. - Since its inception, the ETF has recorded a maximum drawdown of 0.89%, with a recovery time of 26 days [4]. Group 2: Fund Flows and Growth - The ETF has seen a net inflow of 1.55 billion yuan over the past seven trading days, averaging 22.08 million yuan per day [4]. - The fund's size has reached a new high of 5.505 billion yuan, ranking in the top quarter among comparable funds [3]. - In the last month, the ETF's shares increased by 12.784 million, also placing it in the top quarter of comparable funds [3]. Group 3: Fee Structure and Tracking Accuracy - The management fee for the Bosera credit bond ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [4]. - The tracking error over the past three months is 0.008%, indicating the highest tracking precision among similar funds [4]. Group 4: Index Composition - As of March 31, 2025, the top ten weighted stocks in the Shenzhen benchmark market-making credit bond index accounted for 8.77% of the index [5].

Group 1 - The People's Bank of China announced a 0.5 percentage point reserve requirement ratio cut, providing approximately 1 trillion yuan in long-term liquidity to the market, along with a 0.1 percentage point reduction in policy interest rates [2] - The credit bond ETF from Bosera has seen a recent increase of 0.02%, with a latest price of 100.42 yuan, and a turnover rate of 0.6% during the trading session [2] - The average daily trading volume of the Bosera credit bond ETF over the past month reached 2.165 billion yuan [2] Group 2 - West Securities predicts a significant likelihood of a downward trend in credit bond yields in May, influenced by fundamental and monetary factors [3] - The Bosera credit bond ETF closely tracks the Shenzhen benchmark market-making credit bond index, reflecting the operational characteristics of the Shenzhen credit bond market [3] - The latest scale of the Bosera credit bond ETF reached 5.504 billion yuan, marking a new high since its inception and ranking in the top quarter among comparable funds [3] Group 3 - The Bosera credit bond ETF has experienced continuous net inflows over the past four days, with a maximum single-day net inflow of 100 million yuan, totaling 155 million yuan in net inflows [3] - Since its inception, the Bosera credit bond ETF has recorded a maximum drawdown of 0.89%, with a relative benchmark drawdown of 0.10% [4] - The management fee for the Bosera credit bond ETF is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [4]