Sou Hu Cai Jing·2025-04-18 02:11Group 1 - The A-share market experienced fluctuations and a pullback, while the Cash Flow ETF (159399) rose against the trend, with trading volume exceeding 100 million yuan within the first half hour of opening [1] - The Cash Flow ETF utilizes free cash flow as a stock selection factor, closely tracking the FTSE China A-Share Free Cash Flow Focus Index, excluding financial and real estate sectors, and selecting the top 50 stocks with the highest free cash flow rates [1] - According to GF Securities, free cash flow is a key indicator of a company's financial health and profitability, reflecting the actual cash available for retention, dividends, buybacks, and debt servicing [1] Group 2 - Companies with abundant free cash flow are better positioned to avoid value traps and share in long-term growth dividends, making them more resilient through economic cycles [1] - The Cash Flow ETF (159399) has a contractual agreement for monthly dividend assessments, with the second dividend announcement since its launch expected to enhance investor experience [1]