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在中国现有市场环境下,债券ETF推出的重要作用是可以为投资者提供在银行间、交易所、债券ETF间存在的定价差异进行套利活动的机会。国际经济危机持续发酵,A股市场不景气,2010年初至2012年,沪深300指数累计下跌了30%多。在此期间,鉴于国内债券市场呈现出的震荡向上的走势,将稳定收益和低风险当成市场考量重点的投资者,纷纷对当前市场中最热的投资工具之一——债券ETF青睐有加。
Under the current market environment in China, the introduction of bond ETFs plays an important role in providing investors with the opportunity to arbitrage their pricing differences between banks, exchanges and bond ETFs. The international economic crisis continued to be a ferment, with the A-share market downturn. From the beginning of 2010 to 2012, the CSI 300 dropped more than 30%. In the meantime, the bond ETF, one of the hottest investment vehicles in the market, favored investors, given the volatile upward trend in the domestic bond market. Investors who took steady gains and low risk as their key market considerations were favored.