Funds increasingly focus on the profitability quality of listed companies, with Free Cash Flow ETF (159201) attracting over 2.4 billion yuan in net inflows over the past 10 trading days.

On March 20, the Guozheng Free Cash Flow Index fluctuated and adjusted, currently down about 0.6%. The constituent stocks showed mixed gains and losses, with Yaxiang Integration, Anfu Technology, and Guzijia Home leading the gains. Regarding related ETFs, the largest free cash flow ETF (159201) in the same category has attracted over 2.4 billion yuan in total over the past 10 trading days, showing a clear trend of capital chasing.

The market is once again focusing on the “Heavy Assets, Low Obsolescence” (HALO) sector. Value style indices such as dividends and free cash flow are actively allocating to the HALO sector. Thanks to its heavy asset nature, which creates high barriers and meets actual operational needs, it offers greater stability amid the AI wave.

The Free Cash Flow ETF (159201) and its linked funds (A: 023917; C: 023918) closely track the Guozheng Free Cash Flow Index. The constituent stocks broadly cover sectors like oil and petrochemicals, non-ferrous metals, electrical equipment, and transportation. These industries are typical HALO fields characterized by “heavy assets and low obsolescence,” with HALO assets accounting for up to 57%. The fund management fee is 0.15% annually, and the custodial fee is 0.05% annually, both among the lowest market rates, maximizing benefits for investors.

Daily Economic News

(Editors: He Chong)

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