Core Viewpoint - The credit bond ETF from Bosera has shown a mixed performance with a slight increase in value, while new listings of technology innovation bond ETFs have significantly boosted the market size and liquidity [3][4]. Group 1: Performance Metrics - As of July 17, 2025, the Bosera credit bond ETF has increased by 0.28% this month, ranking 1 out of 4 among comparable funds [3]. - The ETF's latest price is 101.36 yuan, with a trading volume of 50.33 billion yuan, indicating active market participation [3]. - Over the past six months, the net value of the Bosera credit bond ETF has risen by 1.36%, placing it 23 out of 477 in the index bond fund rankings [4]. Group 2: Fund Size and Liquidity - The Bosera credit bond ETF has reached a new high in size at 129.32 billion yuan, ranking 2 out of 4 among comparable funds [3]. - The ETF has seen a significant increase in shares, with a growth of 297,000 shares over the past two weeks, also ranking 2 out of 4 [3]. - The recent inflow of funds has been stable, with a total of 4.86 billion yuan attracted over the last ten trading days [4]. Group 3: Risk and Return Analysis - The maximum drawdown since inception for the Bosera credit bond ETF is 0.89%, with a recovery time of 26 days [4]. - The ETF has a historical monthly profit probability of 75.96% and a 100% probability of profit over a six-month holding period [4]. - The management fee is 0.15% and the custody fee is 0.05%, making it the lowest among comparable funds [4]. Group 4: Tracking and Precision - The Bosera credit bond ETF closely tracks the Shenzhen benchmark market-making credit bond index, reflecting the operational characteristics of the credit bond market [5]. - The tracking error for the ETF this year is 0.009%, indicating the highest tracking precision among comparable funds [4].

Group 1 - The core viewpoint is that the Tianhong Credit Bond ETF (159398) is experiencing significant inflows and is on track for a potential three-day rise, with a net inflow of nearly 5.9 billion yuan over the past 20 trading days [1] - As of the latest data, the Tianhong Credit Bond ETF has reached a record circulation scale of 11.8 billion yuan, reflecting strong market interest [2] - The rapid expansion of credit bond ETFs is contributing to a bull market for long-term credit bonds, with the total scale of eight newly listed benchmark market-making credit bond ETFs approaching 130 billion yuan, nearly six times the initial fundraising scale [2] Group 2 - The bond market has been in a tug-of-war since the second quarter of 2025, with short-term credit spreads compressing to historical lows, making medium to long-term credit bonds more attractive [2] - There is an increasing focus from investors, particularly insurance and wealth management sectors, on exchange-traded credit bond ETFs, indicating a growing interest in these products [2] - The rapid expansion of credit bond ETFs is driving an independent bull market for ultra-long credit bonds [2]

Group 1 - The Tianhong Credit Bond ETF (159398) has shown active trading with a midday increase of 0.03% and a transaction volume exceeding 1.2 billion yuan, indicating strong market interest [1] - The Tianhong Credit Bond ETF has experienced a net inflow of over 100 million yuan in the previous trading day and has seen continuous net inflows for 11 consecutive trading days, accumulating over 1.76 billion yuan [1] - The Tianhong Credit Bond ETF was officially included in the repurchase pledge library on June 6, with a latest conversion rate of 0.6 [1] Group 2 - The Chinese bond market is becoming a key allocation direction for foreign public funds, driven by a weak macro environment and a moderately loose monetary policy [2] - The differentiation between credit bonds and interest rate bonds is increasing, with investors requiring higher precision in capturing opportunities and yield [2] - Bond assets are expected to provide strong risk mitigation in times of economic uncertainty, serving as a stabilizing force in equity market fluctuations [2] Group 3 - The supply side of credit bonds is characterized by a transition to a stock era for urban investment bonds, continued growth in industrial bond supply, and weaker supply from certain sectors [3] - Demand for credit bonds remains supported despite potential valuation volatility, with a focus on short to medium-term strategies in a fluctuating market [3] - The recommendation is to actively explore the value of medium to high-grade credit bonds with a focus on 4-5 year AA+ and above rated bonds [3]

Core Viewpoint - The credit bond ETF from Bosera has shown strong performance with significant inflows and a solid market position, indicating a favorable outlook for the credit bond market in the second half of the year [3][4]. Group 1: Performance Metrics - As of June 16, 2025, the Bosera credit bond ETF has increased by 0.04%, marking its fifth consecutive rise, with the latest price at 100.98 yuan [3]. - The ETF has achieved a record high in scale, reaching 9.371 billion yuan, and ranks in the top quarter among comparable funds [3]. - The ETF has seen a total net inflow of 1.782 billion yuan over the past 11 days, with a peak single-day inflow of 702 million yuan [3]. Group 2: Trading Activity - The ETF recorded a turnover rate of 7.39% during the trading session, with a total transaction volume of 681 million yuan [3]. - The average daily transaction volume over the past week was 5.516 billion yuan, leading among comparable funds [3]. Group 3: Risk and Return Analysis - The ETF has a historical monthly profit percentage of 75.00% and a monthly profit probability of 68.75% since its inception [4]. - The maximum drawdown since inception is 0.89%, with a recovery time of 26 days [4]. - The ETF has a Sharpe ratio of 1.05 over the past month, ranking in the top half among comparable funds [4]. Group 4: Cost and Tracking Precision - The management fee for the Bosera credit bond ETF is 0.15%, and the custody fee is 0.05%, both of which are the lowest among comparable funds [4]. - The tracking error for the ETF year-to-date is 0.009%, indicating the highest tracking precision among comparable funds [4].

Group 1 - The core viewpoint of the news highlights the performance and market activity of the credit bond ETF, Bosera (159396), which has seen a slight increase and is experiencing active trading with a recent price of 100.9 yuan and a turnover rate of 21.69% [3] - The credit bond ETF Bosera has achieved a new high in scale, reaching 90.75 billion yuan, and ranks in the top quarter among comparable funds [3] - The fund has also seen a significant increase in shares, with the latest share count at 90.01 million, marking a three-month high and placing it in the top quarter of comparable funds [3] Group 2 - In terms of capital inflow, the credit bond ETF Bosera has experienced continuous net inflows over the past nine days, totaling 1.49 billion yuan, with a peak single-day inflow of 702 million yuan [4] - The fund has been consistently attracting leveraged capital, with a latest financing balance of 5.5 billion yuan [4] - The fund's performance metrics indicate a strong profitability record, with a monthly profit percentage of 75% and a historical three-month holding profit probability of 100% [4] Group 3 - The credit bond ETF Bosera has a low management fee of 0.15% and a custody fee of 0.05%, which are among the lowest in its category [4] - The tracking accuracy of the fund is notable, with a tracking error of only 0.009% year-to-date, the highest among comparable funds [4] - The fund's maximum drawdown since inception is 0.89%, with a recovery period of 26 days [4]

Group 1 - The Tianhong Credit Bond ETF (159398) experienced a slight increase of 0.01% as of June 12, with a trading volume of nearly 55.6 million yuan, following a significant trading volume of over 6.7 billion yuan on June 11 [1] - The Tianhong Credit Bond ETF was officially included in the repurchase pledge library on June 6, with a latest conversion rate of 0.6 according to data from China Securities Depository and Clearing Corporation [1] - As of June 11, the Tianhong Credit Bond ETF has seen a continuous net inflow of funds for 9 days, totaling 1.425 billion yuan, with a latest circulating scale of 7.13 billion yuan, setting a new historical high [1] Group 2 - Huatai Securities suggests that the credit bond market continues to exhibit a volatile mindset, recommending a focus on coupon rates as a stable choice [2] - The recommendation includes shifting towards short to medium-term credit bonds and seeking yield compression opportunities in high-grade long-term bonds [2] - Institutions with unstable liabilities are advised to focus on short-duration investments, particularly in city investment bonds with maturities of 2 years or less, while stable institutions can explore high-grade bonds with maturities of 3-5 years [2]

Group 1 - The core viewpoint of the news highlights the performance and market activity of the credit bond ETF BoShi, indicating a neutral to moderately optimistic outlook for the bond market, with a focus on strategic trading opportunities [3] - As of June 3, 2025, the credit bond ETF BoShi has a latest price of 100.73 yuan, with a trading volume of 10.52 billion yuan and a turnover rate of 13.81%, reflecting active market participation [3] - The fund's latest scale reached 77.26 billion yuan, marking a new high since its inception, and it ranks in the top quarter among comparable funds [3] Group 2 - The credit bond ETF BoShi has recorded a monthly profit percentage of 75.00% since its inception, with a historical holding period profit probability of 100.00% [4] - The maximum drawdown since inception is 0.89%, with a recovery time of 26 days, indicating strong resilience [4] - The management fee of the credit bond ETF BoShi is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [4]

Group 1 - The pilot program for credit bond ETFs to conduct general pledge-style repurchase transactions is set to be officially implemented soon, marking a new phase in liquidity management tools in China's bond market [2] - The inclusion of credit bond ETFs in the general repurchase pledge library reflects support for green bonds, sci-tech innovation bonds, and corporate bonds from private enterprises, signaling a commitment to market construction for credit bond ETFs [2] - The current environment of "asset scarcity" is slowing down, with credit bonds expected to outperform interest rate bonds in a defensive strategy, emphasizing the importance of duration selection in different stages [2] Group 2 - As of May 28, 2025, the Tianhong credit bond ETF (159398) showed active trading with a turnover rate of 91.29% and a transaction volume of 5.1 billion yuan, indicating strong market activity [3] - The Tianhong credit bond ETF reached a new high in scale at 5.673 billion yuan and a new high in shares at 56.3323 million, reflecting growing investor interest [3] - The fund has seen continuous net inflows over the past six days, totaling 1.325 billion yuan, with an average daily net inflow of 221 million yuan [3] Group 3 - The management fee for the Tianhong credit bond ETF is 0.15%, and the custody fee is 0.05%, which are the lowest among comparable funds [4] - The tracking error for the Tianhong credit bond ETF over the past month is 0.006%, indicating the highest tracking precision among comparable funds [4] - The top ten weighted stocks in the Shenzhen benchmark market-making credit bond index account for 8.59% of the index, reflecting the concentration of holdings [4]

Group 1 - The core viewpoint of the news highlights the performance and market activity of the credit bond ETF Bosera, which has seen a continuous increase in trading and liquidity, indicating strong investor interest [2][3] - As of May 27, 2025, the credit bond ETF Bosera has achieved a price of 100.79 yuan, marking a 0.05% increase and a seven-day consecutive rise [2] - The fund has recorded a trading volume of 46.02 billion yuan with a turnover rate of 67.44%, reflecting active market participation [2] Group 2 - The credit bond ETF Bosera has experienced a net inflow of funds over the past five days, totaling 13.03 billion yuan, with a peak single-day inflow of 5.25 billion yuan [3] - The fund's leverage has been increasing, with a latest financing balance of 55.00 million yuan, indicating sustained interest from leveraged investors [3] - Since its inception, the credit bond ETF Bosera has shown a monthly profit percentage of 66.67% and a historical three-month holding profit probability of 100.00% [3] Group 3 - The fund's maximum drawdown since inception is 0.89%, with a relative benchmark drawdown of 0.10%, and it took 26 days to recover from the maximum drawdown [3] - The management fee for the credit bond ETF Bosera is 0.15%, and the custody fee is 0.05%, which are among the lowest in comparable funds [3] - The tracking error for the fund year-to-date is 0.009%, indicating the highest tracking precision among comparable funds [3]

Core Viewpoint - The credit bond ETF from Bosera has shown a positive trend with a 0.05% increase, marking its sixth consecutive rise, and has reached a new high in both scale and share volume [2][3] Group 1: Market Performance - As of May 26, 2025, the credit bond ETF from Bosera is priced at 100.74 yuan, with a trading volume of 4.05 billion yuan and a turnover rate of 6.33% [2] - The ETF has achieved an average daily transaction volume of 34.51 billion yuan over the past week [2] - The fund's latest scale has reached 6.813 billion yuan, a record high since its inception, ranking it in the top quarter among comparable funds [2] - The number of shares for the ETF has reached 67.7051 million, also a three-month high, placing it in the top quarter among comparable funds [2] Group 2: Fund Inflows and Leverage - The credit bond ETF has seen continuous net inflows over the past four days, with a maximum single-day inflow of 425 million yuan, totaling 778 million yuan and an average daily net inflow of 195 million yuan [3] - The ETF has experienced six consecutive days of net purchases from leveraged funds, with the latest financing balance at 5.5 billion yuan [3] Group 3: Performance Metrics - Since its inception, the ETF has recorded a maximum drawdown of 0.89%, with a relative benchmark drawdown of 0.10%, and a recovery period of 26 days [3] - The fund has a management fee of 0.15% and a custody fee of 0.05%, which are the lowest among comparable funds [3] - The tracking error for the ETF year-to-date is 0.009%, indicating the highest tracking precision among comparable funds [3]