低费率的自由现金流ETF(159201)近2周规模增长3.07亿元，低利率环境下布局价值显著

Group 1 - The core viewpoint of the news highlights the performance and growth of the National Index of Free Cash Flow, with significant gains in constituent stocks such as Yuntianhua, Sinopharm Modern, and others [1][3] - As of July 30, 2025, the National Index of Free Cash Flow increased by 0.77%, while the Free Cash Flow ETF (159201) rose by 0.94%, reaching a latest price of 1.07 yuan [1] - The Free Cash Flow ETF has shown strong liquidity, with a turnover rate of 4.87% and a transaction volume of 194 million yuan during the trading session [1] Group 2 - Over the past month, the Free Cash Flow ETF has achieved a Sharpe ratio of 2.17, ranking first among comparable funds, indicating the highest return for the same level of risk [3] - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [3] - The tracking error of the Free Cash Flow ETF for the year to date is 0.136%, which is the highest tracking precision among comparable funds [3] Group 3 - As of June 30, 2025, the top ten weighted stocks in the National Index of Free Cash Flow accounted for 57.97% of the index, including SAIC Motor, China National Offshore Oil, and Midea Group [4] - The top ten stocks by weight include SAIC Motor (10.18%), China National Offshore Oil (9.81%), and Midea Group (9.28%), among others [6] Group 4 - The report emphasizes the importance of free cash flow in the current economic environment, suggesting that assets with strong free cash flow generation capabilities can maintain value even in a zero-profit growth scenario [3] - The focus is on three major sectors for dividend value expansion: leading consumer demand, cyclical resource products, and low-dividend varieties, with leading consumer stocks generally having a PE ratio below 30% [3]