Bosera CSI Convertible Bond And Exchangeable Bond ETF

511180

FCVT

ICVT

511380

Liu Wenliang from Southern Fund has built a convertible bond investment system that combines both offensive and defensive strategies based on industrial cycle analysis, adopting an investment style of "economic growth + cyclical resonance." His investment strategy includes deeply exploring equity-type convertible bonds, diversifying the allocation of balanced convertible bonds, conducting swing trading on large-cap convertible bonds, and positioning in low-priced, oversold debt-type convertible bonds. The net asset value growth rates of the Southern Changyuan Convertible Bond and Southern Guangli Return Class A shares over the past year were 60.74% and 37.33%, respectively, significantly surpassing the performance benchmark during the same period

腾讯新闻 - 财经

HFT SSE Investment Grade Convertible Bond and Exchangeable Bond ETF

First Trust SSI Strategic CS

SPDR Bloomberg Convertible Sec ETF

iShares Convertible Bd

Upholding integrity and striving for the long term, Liu Wenliang from Southern Fund seizes convertible bond opportunities through industry cycles

中证转债

CSI Convertible Bond Index opens high by 0.66%

Wallstreetcn

513750

512880

601066

159842

06066

512000

CITIC Securities Research released the April convertible bond market outlook, believing that the situation in Iran has limited impact on the domestic market, and the allocation value of the convertible bond market is beginning to emerge. It is recommended to maintain a barbell strategy, focusing on stable individual bonds in the financial and utility sectors, as well as growth industries such as non-ferrous metals and AI. The review of the March convertible bond market shows that the decline in the convertible bond index is comparable to that of equities, with a valuation retreat. It is expected that the market will fluctuate and build a bottom in April, and it is recommended to gradually increase positions and pay attention to investment opportunities in the early stages of new bond listings

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

CSC | April Convertible Bond Market Outlook and Portfolio Recommendations

002382

深转交债

The actual controller of BLUE SAIL MEDICAL, Li Zhenping, plans to lend the company 350 million yuan to optimize its capital and debt structure. The company recently disclosed two acquisitions, demonstrating its efforts for self-rescue. However, BLUE SAIL MEDICAL has reported losses for four consecutive years, and the performance forecast for 2025 indicates that the net profit loss will expand to between 650 million and 850 million yuan, with short-term debts exceeding 4.4 billion yuan, increasing repayment pressure. On March 17, the conversion price of BLUE SAIL MEDICAL's convertible bonds was adjusted down to 7.95 yuan per share, marking the eighth adjustment since 2024

BLUE SAIL MEDICAL

Li Zhenping's 350 million yuan and Blue Sail Medical's "amputation" moment

159881

516650

159608

159880

561330

159876

159871

512400

CITIC Construction Investment Securities Research pointed out that the convertible bond market has returned to a neutral state, suggesting that investors pay attention to marginal changes in the war situation to seek expected differences. Recently, due to the impact of the situation in Iran, the convertible bond index fell by 5.65%. Although the valuation of convertible bonds has not yet been significantly undervalued, there is already operational space. Investors should pay attention to the trends in related sectors such as non-ferrous metals, look for suitable layout opportunities, and hold firmly

Guotai CSI Non-ferrous Metal ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

GF CSI Rare Metals Theme ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Hwabao WP CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

CITIC Construction Investment: Convertible bonds return to neutral, focus on marginal changes in the war situation to find expected differences

The China Securities Convertible Bond Index opened high at 0.03%

06099

01776

600999

000776

Since 2026, the trend of indexation in the convertible bond market has deepened, mainly reflected in the significant growth of the convertible bond ETF market, which reached 76.667 billion yuan, a year-on-year increase of 81.56%. The imbalance in supply and demand structure is the fundamental driving force behind this trend, as market supply has significantly contracted since 2021, leading to a reduction in the supply of quality assets, and investors have gradually shifted towards standardized index products. The maturity of investors and the support of the policy environment have further promoted the development of this trend

CMSC

GF SEC

GF SECURITIES

Multiple factors drive the deepening trend of indexation in the convertible bond market

The China Securities Convertible Bond Index opened high at 0.11%

The China Securities Convertible Bond Index opened down 0.04%

002455

301266

605007

688300

002809

300246

000703

603759

The China Securities Convertible Bond Index opened up 0.11%. N Haitan Convertible Bond increased by 30%, YourBest Convertible Bond increased by 13.27%, BCC Convertible Bond increased by 5.4%, HYPC Convertible Bond increased by 3.78%; BIOLIGHT Convertible Bond fell by 1.82%, Redwall Convertible Bond fell by 1.63%, Novoray Convertible Bond fell by 1.4%, WUZHOU SPECIAL PAPER Convertible Bond fell by 1.24%

Bosera CSI Convertible Bond And Exchangeable Bond ETF(511380.SH)