Against the backdrop of the recent turmoil in the equity market and the rising demand of investors for low-risk financial management, Bosera Guokai ETF is favored by investors for its advantages of low risk, convenient transaction, low cost and high transparency. As of December 29, the scale of Bosera China Bond 0-3 Years CDB ETF (abbreviated as "CDBC ETF" on the market, code: 159650.SZ) exceeded 10 billion. According to industry analysts, as an innovative bond ETF, Bosera CDB ETF has shown certain advantages in increasing returns compared with money market funds, further enriching the selection of low-risk products on the market, and meeting the or allocation needs of prudent investors Investors provide an ideal underlying configuration tool.
As a member of the bond family, CDB bonds are policy financial bonds issued by China Development Bank , which have the characteristics of good liquidity, low risk, and complete varieties. Bond ETF refers to an ETF product that uses bond index as the tracking target. It is low-cost, holds transparent positions, and can conveniently realize investment in a package of bonds, effectively reducing the investment threshold. As the first batch of policy financial bond ETFs issued in China, Bosera CDB ETF adopts the full replication method to track the ChinaBond 0-3 Year CDB Bond Index. Policy bank bonds within 3 years (including 3 years), including special poverty alleviation bonds, excluding secondary capital bonds , subordinated bonds. This also means that the Bosera CDC ETF's investment portfolio is full of interest rate bonds, which has the advantages of low credit risk and good liquidity.
Compared with ordinary bond funds, Bosera Guokai’s ETF product portfolio positioning has both yield and liquidity advantages, and puts more emphasis on instrument attributes and transaction value. In terms of operation mode, the fund adopts a duration fluctuation of 0.8 to 1.2 years, the duration center is expected to be around 1 year, the target control retracement is within 20bp, the net value fluctuation is small, and the Sharpe ratio is high.
This product adopts the method of cash subscription and redemption, and adopts T+0 rotation transaction. The funds can be available on the day of sale as soon as possible, and the investment is more flexible and convenient. It is particularly worth mentioning that Bosera Guokai ETF also has certain advantages in terms of income characteristics. According to the statistics of wind, from 2018 to September 30, 2022, the annualized rate of return of 0-3 Guokai was as high as 3.84%, which not only significantly outperformed ordinary money funds, but also significantly outperformed high-yield money funds. Currency thickening" effect.
It is reported that the Bosera Guokai ETF was listed on the Shenzhen Stock Exchange on October 28, 2022, and has shown good liquidity since its listing. According to wind data, as of December 23, 2022, the fund's daily average turnover has reached 1.907 billion yuan since its listing, making it one of the most liquid interest rate bond ETFs on the market. At the same time, Bosera Guokai ETF has obtained the qualification for on-site pledge repurchase, and can increase income through on-site pledge financing , and obtain arbitrage income. If you buy at a par on the day before the holiday, you can also enjoy holiday coupons .
Industry insiders believe that the national strategic decision of "Bond Connect" will help attract more foreign funds to invest in policy financial bonds, reduce the cost of CDB bond issuance, and support the development of the real economy. As the first batch of cross-market innovative products on the market, Bosera CDB ETF connects the exchange and the inter-bank bond market, and has a high investment value. At the same time, against the background of stock market volatility, the demand for stable financial management is on the rise. As a liquidity management tool with excellent profitability, the advantages of Bosera CDB ETF will also be further highlighted.
Risk reminder: Funds are different from financial instruments that have fixed income expectations such as bank deposits and bonds. Different types of funds have different risks and returns. Investors may share the income generated by fund investment, and may also bear the burden of fund investment. Loss. The fund manager promises to manage and use the fund assets in accordance with the principles of honesty, credit and diligence, but it does not guarantee that the fund will make a certain profit, nor does it guarantee the return. The net value of the fund has a risk of fluctuation. A guarantee of performance, past performance of a fund is not indicative of its future performance. Investors should carefully read the "Fund Contract", "Prospectus" and "Product Summary" and other legal documents, and pay timely attention to the suitability opinions issued by the company and the opinions of various sales agencies on the suitabilityNot necessarily consistent, the company's suitability matching opinion does not indicate a substantive judgment or guarantee on the risks and returns of the fund. The risk-return characteristics of the fund and the risk level of the fund in the fund contract vary due to different considerations. Investors should understand the risk and return of the fund, make prudent decisions based on their own investment purpose, time limit, investment experience and risk tolerance, and bear the risks themselves. They should not accept sales behaviors that do not meet the requirements of laws and regulations and illegal promotional materials. The fund details and purchase channels mentioned in this material can be found on the official website of the manager - Bosera Fund-fund products, and the website for the introduction of relevant business qualifications of Bosera Fund is: http://www.bosera.com/column/index .do?classid=00020002000200010007.
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