（编辑 张明富） 有券商分析认为，科创债的配置价值，核心逻辑在于政策强力支持下的规模快速扩张可能性、高评级发债主体主导的相对 信用安全性，以及相对利率债的票面优势，为投资者提供了有望兼具政策红利与信用安全的关注标的。 综合来看，科创债ETF投资于一篮子优质科创债券，兼顾"科技创新"和"债券"双重属性，有望让投资者能便捷分享科创企 业成长红利，投资者可关注科创债ETF银华（基金代码：159112），结合自己的风险偏好和久期管理进行配置。 本报讯 （记者王宁）作为今年公募市场的"新星"，科创债ETF备受资金青睐。9月24日，科创债ETF银华（基金代码： 159112）正式上市交易，为投资者参与科创债市场再添高效投资工具。 据悉，科创债ETF银华主要投资于中证AAA科技创新公司债指数（932160.CSI）成份券及备选成份券。从指数代表性来 看，中证AAA科创债指数样本空间覆盖沪深两所，是同类三只AAA科创债指数中样本数量最多的一只。从信用风险来看，该 指数成份券以高评级、央国企为主，信用资质整体较好。从久期特点来看，指数成份券期限分布以中短债为主，1-5年期限成 份券占比较高。 ...

为更好支持科技创新和产业创新融合发展，资本市场今年打出一整套支持科技创新的政策组合拳，债券 投资也迎来全新赛道。科创债ETF银华（基金代码：159112）9月12日发行，为投资者把握科创债机遇 提供布局利器。 公开资料显示，科创债ETF银华主要投资于中证AAA科技创新公司债指数（932160.CSI）成分券及备选 成分券。中证AAA科创债指数是从沪深交易所上市的科技创新公司债中，选取主体评级AAA、隐含评 级AA+及以上的债券作为指数样本，以反映相应科技创新公司债的整体表现。（资料参考：基金招募 说明书、中证指数公司网站） 具体来看，该指数具有五大特点：一是市值容量大，成分券横跨沪深两市，是同类三只AAA科创债指 数中样本数量最多的一只；二是指数成分券主体资质较高，以高评级、央国企为主；三是指数成分券集 中度分散，有利于降低单一主体投资风险；四是指数成分券呈中短久期特征，有机会捕捉无风险利率下 行及信用利差压缩带来的机会；五是历史业绩优秀，自2023年以来累计收益率为13.33%，年化收益率 为4.92%，具备一定的成长性。（统计区间：2023年1月1日—2025年9月8日；区间收益率（年化）= [(1+区间 ...

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]