7月17日,科创债ETF华夏(551550)正式上市,首日交易火爆,当日成交额78.37亿元,换手率达264.43%,净流入规模高达112.2亿元,总规模141.85亿元,净流入和基金规模双双稳居首批10只科创债ETF第一。 科创债ETF华夏(551550)跟踪的中证AAA科技创新公司债指数具有严格的筛选标准:主体评级 AAA 或隐含评级AA +及以上,且成分券发行人以央国企为主(占比超 99%)。这一设计从源头控制了信用风险,成分券久期3.88年,利率风险较低。相比直接投资科创债,科创债ETF还具备较低的投资门槛、支持T+0 交易、0.2%/年的综合费率、场内交易债券ETF不需要申购、赎回费等低费率优势。在当前利率中枢下行、“资产荒” 背景下,该产品兼具政策红利和成长属性。 从指数表现看,中证AAA科技创新公司债指数自基日(2022.6.30~2025.6.20),年化收益4.64%(扣除管理费、托管费后,指数收益约为4.44%),高于期间其他主要信用债指数。 此外,科创债ETF华夏(551550)已向中登公司提交科创债ETF纳入中登质押库的申请。如果顺利纳入,投资者可以参与质押式回购,将有效提升产品的市场流动性、产品规模与交易活跃度,配置价值有望进一步提升。
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