Group 1 - The first batch of Sci-Tech Innovation Bond ETFs has been announced, with the first fund, Sci-Tech Bond ETF (551900), raising a total of 2.991 billion yuan and having 4,721 effective subscription accounts, ranking first among six listed on the Shanghai Stock Exchange [1] - The Sci-Tech Bond ETF (551900) tracks the AAA Sci-Tech Bond Index, which selects bonds rated AAA or above, providing a broader coverage of high-quality bonds in the market with a total market value exceeding 1 trillion yuan [1] - The ETF supports T+0 trading and has a low comprehensive fee rate of only 0.2% per year, utilizing a physical redemption model to reduce trading friction costs and price uncertainty, making it an ideal tool for investors in the Sci-Tech bond market [1] Group 2 - The Sci-Tech bond market is expected to continue expanding under policy incentives, with over 620 billion yuan in issuance since the new policy was announced, and a total outstanding scale of 2.5 trillion yuan, providing ample underlying asset support for the ETFs [2] - Institutions and funds are likely to increase their focus on and participation in Sci-Tech bonds, with the ETFs offering low fees, transparency in holdings, and efficient trading mechanisms [2] - Social security funds, pension funds, and insurance capital can use Sci-Tech Bond ETFs as tools to implement national strategies and optimize asset allocation, while individual investors can participate in Sci-Tech bond investments at low cost and high efficiency through ETFs [2]

备受市场瞩目的首批科创债ETF今起正式发售！ 资料显示，招商中证AAA科技创新公司债ETF（简称：科创债ETF招商，认购代码：551903）紧密跟踪AAA科创债指数，为投资者提供了一键关注科技创 新、把握债市红利的新工具。即日起，投资者可选择网上现金认购、网下现金认购2种方式，借道该ETF低门槛进行科创债投资，以较为稳健的方式参与科 创债券指数化浪潮。 【债市"科技板"加速扩容，激活万亿级市场价值】 科创债是由科技创新企业发行，募集资金主要用于支持科技创新领域的信用债券，是债券市场服务科技创新企业融资、推动实经济发展的重要工具。 在债市"科技板"建设，拓宽科创债发行主体等政策红利下，科创债市场发行规模和速度均有所提升。目前，我国科创债市场余额已达到2.45万亿元。未来政 策推动下，科创债持续发行，科创债指数发展空间广阔。 数据来源：华泰证券，招商基金整理，截至2025年6月27日。 【三大优势叠加，AAA科创债指数布局价值显现】 1、覆盖沪深两市，指数市场容量大 资料显示，科创债ETF招商紧密跟踪AAA科创债指数。从资产底层构成上看，该指数选取沪深两市主体评级AAA、隐含评级AA+及以上的债券作为指数样 本。 ...