Why is the long-term government bond ETF popular for subscribing over 4.8 billion yuan?
[ad_1]
3moon28On that day, a fund company listed on the Shanghai Stock Exchange301-year Treasury bondsETF(trasaction code511130) is listed.It is worth noting that the subscription amount of this fund exceeds48billion.In the current market environment, a fund can achieve48The subscription amount of 100 million yuan is also a “conspicuous package” in the public fund industry.Prior to the launch of the fund, Treasury bondsETFThe stock is only6Only, the total net asset value is approx.110100 million yuan, most of the single sizes are in10billion to20Between 100 million yuan.
long term treasury bondsETFWhy is it favored? The reasons are as follows:30The recent trend of 1-year Treasury bond futures can be seen.2024In the first quarter of the year,30The increase in the main contract of 1-year Treasury bond futures is5.89%last year’s increase was close to13%.
Analysts said,2013New Year’s Eve2023During the ten years,10The “top” of treasury bond yields has gradually declined in 2018, while the “bottom” has remained relatively stable.2024Since the beginning of the year, bonds have performed strongly,10The yields on government bonds in 2017 have continuously exceeded historical “bottoms” and hit new lows.As of2024Year3moon25day,10annual treasury bond yield2.32%,Far below1annualMLFof2.5%,30annual treasury bond yield2.50%,and1annualMLFInterest rates are consistent.
From a long-term perspective, the downward trend in interest rates is the general trend. The interest rate center mainly depends on the rate of return on capital, which is determined by economic growth, and is also related to macro debt burden, capital scarcity, etc. The downward trend of the interest rate center is obvious. From a short-term perspective, this round of strong interest rates reflects the fact that fundamentals and inflation are facing downward pressure under the background of the shift between old and new driving forces, while fiscal policy is constrained and monetary policy still needs to be exerted.
For investors, Treasury bondsETFIt has obvious advantages as a trading tool.First, the threshold for participation is low. my country’s bond market is basically semi-closed to individual investors, and the threshold for inter-bank transactions is high (most single transactions are in1000More than 10,000), large single transaction volume, and insufficient liquidity are not conducive to the direct participation of individual investors.bondETFThe capital threshold is low and it can provide individual investors with diversified bond investment channels, allowing individual investors to participate in bond market investments.
This time it is high transparency, bondsETFThe performance list is announced every day, and the investment scope is highly correlated with the index compilation method. It is more transparent than actively managed products and is in line with the current overall trend of “penetrating” supervision.
againT+0swing trading, bondsETFConvenient transactions and efficient application and redemption. According to the Shanghai Stock Exchange Trading Rules (2023According to the provisions of the annual revision), bondsETFCan achieve”T+0“Trading, that is, buying on the same day, selling on the same day, and bondsETFAfter selling in the secondary market, the funds are available on the same day and can be withdrawn the next day. In addition to secondary market transactions, “T+0“Extra-trading, Shanghai and Shenzhen exchange single market bondsETFIt is also possible to achieve “T+0“Subscription and redemption, that is: the bonds purchased on that dayETFA “basket of bonds” can be redeemed on the same day; the “basket of bonds” redeemed on the same day can also be used to subscribe for bonds on the same dayETF.
301-year Treasury bondsETFProvide investors with a one-click investment tool for allocating ultra-long-term treasury bonds on the market.
[ad_2]
Source link
