现金流ETF，现金流到了

Core Viewpoint - The Cash Flow ETF (159399) has successfully distributed its first cash dividend, marking the beginning of a monthly evaluation and distribution mechanism for investors [1][2][3]. Group 1: Dividend Distribution - The first cash dividend distribution for Cash Flow ETF occurred with a payout ratio of 0.1%, with the record date on March 13 and payment date on March 18 [1]. - The fund's structure allows for monthly assessments of excess returns and distributable profits, enabling regular cash distributions to investors [1][3]. Group 2: Performance and Comparison - The Cash Flow ETF is designed to provide a blend of cash flow needs and investment returns, with a focus on stocks that generate substantial cash flow [3]. - The dividend yield for the FTSE China A-Share Free Cash Flow Index is approximately 4.44%, which supports the fund's ability to distribute dividends [3]. - The FTSE Cash Flow Index selects stocks with ample cash flow, excluding financial and real estate sectors, and includes 50 stocks, predominantly large-cap companies [7]. Group 3: Market Outlook - Current monetary policies and declining interest rates enhance the appeal of high free cash flow assets, as companies are encouraged to increase dividend payouts [10]. - Companies with strong cash flow are better positioned to withstand market volatility, making the Cash Flow ETF a potential hedge against risks in the tech sector [11]. - The market is expected to favor large and mid-cap stocks with abundant cash flow, particularly those from central state-owned enterprises, as a key investment theme moving forward [11].