跟着巴菲特投资！国内首只“300现金流ETF联接基金”今日重磅首发！

Core Insights - The launch of the first domestic fund tracking the CSI 300 Free Cash Flow Index, the Huabao CSI 300 Free Cash Flow ETF, marks a significant investment tool in the A-share market focusing on companies with strong free cash flow [1][2] Group 1: Investment Strategy - The fund emphasizes "real cash" free cash flow as the core of its stock selection, targeting the top 50 "cash cows" in the CSI 300 index while excluding financial and real estate sectors [1] - The top five industries represented in the fund include oil and petrochemicals, coal, and telecommunications, accounting for 59% of the fund's composition, providing a defensive yet potentially lucrative investment option in volatile markets [1][5] Group 2: Performance Metrics - Since 2017, the CSI 300 Free Cash Flow Total Return Index has achieved an annualized return of 14.17%, with a cumulative increase of 194.87%, significantly outperforming the CSI 300 Index and traditional dividend strategies [3] - The index's annualized volatility is 17.68%, with a maximum drawdown of -24.70%, which is notably better than the CSI 300 Dividend Index's volatility of 18.41% and maximum drawdown of -41.56% [7][8] Group 3: Competitive Advantages - The fund's strategy benefits from a unique industry allocation that avoids the distortions of financial and real estate sectors, focusing instead on high cash flow sectors, thus creating a robust defensive position against market fluctuations [5] - The average dividend yield of the index's constituent stocks is 3.60%, slightly higher than the CSI 300's 3.46%, combined with strong reinvestment capabilities, enhancing shareholder returns [9] Group 4: Management Expertise - Huabao Fund, recognized as a leading institution in the ETF space, has a strong track record with an equity ETF management scale of 85.3 billion yuan, positioning it well to manage the new fund effectively [10]