方正富邦基金自购500万自由现金流ETF

Group 1 - The core viewpoint of the news highlights the confidence in the Chinese capital market's high-quality development, as evidenced by the self-purchase announcement from Fangzheng Fubang Fund, which invested 5 million yuan in its own fund [1] - The Fangzheng Fubang CSI All Share Free Cash Flow ETF is one of the first 12 approved ETFs focusing on free cash flow, which completed its fundraising on April 25 [1] - The importance of free cash flow as a key indicator of a company's true profitability and financial health is emphasized, especially in the context of increasing international market pressures and the need for companies to adapt to a high-quality growth model [2] Group 2 - The A-share market is currently viewed as highly attractive for investment, with the CSI 300 index's dynamic price-to-earnings ratio at 11.57, below the 10-year average of 11.86 [3] - The CSI 300 dividend yield has reached 3.58%, marking a historical high over the past decade, indicating a "high cost-performance" characteristic [3] - Institutional investors are showing confidence in the long-term value of the A-share market, as reflected in Fangzheng Fubang Fund's self-purchase announcement, which sends a strong bullish signal [3]