Core Insights - The article highlights the significant performance of the STAR Market and the success of Penghua Fund in the technology innovation sector, particularly through its Penghua STAR 100 ETF and Penghua STAR Bond ETF [1][5]. Group 1: Performance Metrics - As of August 31, the Penghua STAR 100 ETF (588220) achieved a net value growth rate of 94.54% over the past year, with a total scale of 6.672 billion, ranking first among 12 ETFs tracking the STAR 100 [2]. - The Penghua STAR Bond ETF (551030) has a scale of 16.434 billion, ranking second in the market for similar products and first among its peers in the Shanghai and Shenzhen markets [2]. Group 2: Strategic Positioning - Penghua Fund has established a leading advantage in the ETF market through a comprehensive understanding of macroeconomic trends and policy directions, aligning with the national strategy to elevate technology innovation [3]. - The STAR 100 index covers mid-cap companies with strong liquidity, providing a balanced industry distribution and significant growth potential, which meets market demand for high-growth assets [3]. Group 3: Management and Operational Excellence - The management of ETFs at Penghua Fund is supported by a robust research and investment system, ensuring that the net value performance closely aligns with the underlying index, which is crucial for institutional investors [4]. - The fund emphasizes brand building and customer service, utilizing various formats to educate the market on the investment value and risk characteristics of the STAR 100 and STAR Bond indices [4]. Group 4: Market Trends and Future Outlook - The demand for quality equity and high-yield fixed-income assets is increasing in the context of declining market interest rates, with the STAR 100 ETF addressing the former and the STAR Bond ETF meeting the latter [6]. - Penghua Fund is expanding its ETF product matrix, which now includes 11 products covering various categories, positioning itself as a leading choice for capital inflow [6]. Group 5: Future Development - The future path for Penghua Fund as a "STAR Stock and Bond ETF Leader" appears promising, with plans to enhance existing products and expand the ETF product line to meet evolving market and client needs [7].

Group 1 - The core index of the Science and Technology Innovation Board has seen a year-to-date increase of over 25%, significantly outperforming major indices like the Shanghai Composite Index and CSI 300, making it one of the best-performing sectors in the A-share market [1] - There are currently 103 Science and Technology Innovation ETFs in the market, with Penghua Fund leading by launching the "Science and Technology China · Lighthouse Fund," which has invested in 9 funds with a total scale exceeding 23 billion yuan [1][3] - Penghua Fund has achieved a "Grand Slam" in the four major broad-based indices, with its products including the Science and Technology Innovation 100 ETF and the Science and Technology Innovation Index ETF, among others [3] Group 2 - The Science and Technology Bond ETFs have experienced explosive growth this year, with 10 funds currently available, and the Penghua Science and Technology Bond ETF ranking third in its category with a scale of 13.89 billion yuan [4] - The Penghua Science and Technology 50 Enhanced ETF, launched in 2022, focuses on the top 50 companies in the Science and Technology Innovation Board and has achieved a total net value growth rate of 25.77% since its inception, outperforming its benchmark by 18.03% [4] - The proactive development of Penghua Fund in the Science and Technology theme index products reflects its ability to grasp the pulse of the times and its role in guiding social capital to support national strategic technological forces [5]

历经前几日的债市调整后，今日科创债ETF迎来反弹。截至2025年7月31日 11:15，科创债ETF鹏华 (551030)上涨0.20%。 作为首批10只科创债ETF之一，科创债ETF鹏华（551030）跟踪上证AAA科技创新公司债指数，该指数 是从上交所上市的科技创新公司债中，选取主体评级AAA，隐含评级AA+及以上的债券作为成分券。 该指数每月定期调整一次样本，能够较为准确地反映上交所中高等级科技创新公司债的整体表现。 科创债ETF具有信用风险较低的特性：一方面，当前科创债ETF对成分券均要求为主体评级AAA级的信 用债，其信用资质较高，信用风险低，安全性相对更有保障。另一方面，科创债有政策背书，作为聚焦 科技创新及战略性新兴产业的品种，今年以来政策持续聚焦科创债市场。 科创领域为当前国家关注的重点领域，其长期发展较为明确，国家政策也相对向其倾斜，2025年以来， 科创债市场相关配套政策持续出台，推动科创债市场加速发展。后续，随科创债市场活跃度上升，有望 推动其"政策溢价"向"市场共识溢价"转化，力争为投资者提供相对稳定的高票息回报机会。 相较于单券买入策略，科创债ETF具有低费率、低交易成本、透明度高、 ...