与此同时，该基金最新成交量为3323.20万份，最新成交额达33.23亿元，居可比基金尾部。 2025年9月24日，科创债ETF银华（159112.SZ）收涨0.01%，主力资金（单笔成交额100万元以上）净流 出9.22亿元，居可比基金前2。 ...

Core Insights - The newly launched Sci-Tech Bond ETF by Yinhua has gained significant attention in the public offering market, providing an efficient investment tool for investors to participate in the sci-tech bond market [1] Group 1: ETF Overview - The Yinhua Sci-Tech Bond ETF (fund code: 159112) officially started trading on September 24, 2023, focusing on the CSI AAA Sci-Tech Innovation Company Bond Index [1] - The index has the largest sample size among similar AAA sci-tech bond indices, covering both Shanghai and Shenzhen stock exchanges [1] Group 2: Credit Risk and Duration - The index primarily consists of high-rated bonds from central and state-owned enterprises, indicating overall good credit quality [1] - The duration characteristics of the index show a predominance of medium to short-term bonds, with a high proportion of bonds maturing in 1-5 years [1] Group 3: Investment Value - Analysts believe the investment value of sci-tech bonds lies in the potential for rapid expansion supported by strong policies, the relative credit safety from high-rated issuers, and the ticket advantages over traditional bonds [1] - The Yinhua Sci-Tech Bond ETF offers investors a chance to conveniently share in the growth dividends of sci-tech companies while balancing the dual attributes of "technology innovation" and "bonds" [1]

Core Viewpoint - The capital market has introduced a comprehensive set of policies to support the integration of technological innovation and industrial innovation, with the launch of the Sci-Tech Bond ETF by Yinhua on September 12, providing investors with a tool to seize opportunities in the sci-tech bond market [1] Group 1: ETF Characteristics - The Yinhua Sci-Tech Bond ETF primarily invests in components of the CSI AAA Sci-Tech Innovation Company Bond Index, which includes bonds rated AAA and AA+ or above, reflecting the overall performance of sci-tech innovation company bonds [1] - The index has five key features: 1. Large market capitalization and the highest number of sample bonds among similar indices 2. High-quality components mainly from central and state-owned enterprises 3. Diversified components to reduce investment risk 4. Short to medium duration characteristics, allowing for opportunities from declining risk-free rates and credit spread compression 5. Strong historical performance with a cumulative return of 13.33% and an annualized return of 4.92% since the beginning of 2023 [1] Group 2: Cost Efficiency - The Yinhua Sci-Tech Bond ETF has a low fee structure, with a total management and custody fee of 0.20% per year, which is lower than other bond funds [1] - The ETF allows for intraday T+0 trading, enhancing investment efficiency by enabling investors to sell or redeem their shares on the same day [1] Group 3: Future Outlook - The continuous strengthening of policies is expected to provide solid institutional support for the development of the sci-tech bond market, making the Yinhua Sci-Tech Bond ETF an attractive option for investors looking to capture new opportunities in the bond market [1]

Group 1 - The core viewpoint of the article emphasizes the launch of the Sci-Tech Bond ETF by Yinhua, which aims to support the integration of technological innovation and industrial development through a comprehensive set of policies from the capital market [1] - The Sci-Tech Bond ETF primarily invests in the CSI AAA Sci-Tech Innovation Company Bond Index, which includes bonds rated AAA and above, reflecting the overall performance of the relevant bonds [1] - The index has five notable characteristics: large market capitalization, high-quality issuers, diversified concentration, medium to short duration, and strong historical performance with a cumulative return of 13.33% since 2023 [1] Group 2 - The fund has a low management and custody fee of 0.20% per year, making it more cost-effective compared to other bond funds [1] - The ETF allows for T+0 trading, enhancing investment efficiency by enabling same-day buying and selling of fund shares [1] - Future policy support is expected to strengthen the development of the Sci-Tech bond market, presenting new investment opportunities for investors [1]

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 科创债ETF银华（159112）将于2025年9月12日进行发售，首次募集规模上限为30亿元，该基金的场内 简称为科创债ETF银华，基金管理人为银华基金，由赵慧、张亦驰担任该基金的基金经理。 该基金的业绩比较基准为：中证AAA科技创新公司债指数。（数据宝） ...

Core Viewpoint - The capital market has introduced a comprehensive set of policies to support the integration of technological innovation and industrial innovation, with the launch of the Sci-Tech Bond ETF by Yinhua providing investors with a tool to seize opportunities in the sci-tech bond market [1] Group 1: Sci-Tech Bond ETF Overview - The Yinhua Sci-Tech Bond ETF (fund code: 159112) primarily invests in the CSI AAA Sci-Tech Innovation Company Bond Index, which includes bonds rated AAA and above from technology innovation companies listed on the Shanghai and Shenzhen stock exchanges [1] - The CSI AAA Sci-Tech Bond Index is characterized by a large market capitalization, high-quality constituent bonds, diversified concentration to reduce investment risk, a medium to short duration profile, and strong historical performance with a cumulative return of 13.33% since 2023 [1] Group 2: Advantages of the ETF - The Yinhua Sci-Tech Bond ETF features a low fee structure with a total management and custody fee of 0.20% per year, which is lower than other bond funds [1] - The ETF allows for intraday T+0 trading, enhancing investment efficiency by enabling investors to buy and sell on the same day [1] Group 3: Future Outlook - The ongoing strengthening of policies is expected to provide solid institutional support for the development of the sci-tech bond market, making the Yinhua Sci-Tech Bond ETF an attractive option for investors looking to capture new opportunities in the bond market [1]