热门基金迎发展高峰，配置空间有多大？

Core Insights - The number of cash flow index funds has increased to 73, with 41 funds established since July, indicating a significant growth trend in this investment category [1][2][3] - The cash flow index funds are primarily focused on companies with strong cash flow stability and dividend capabilities, reflecting a shift towards more fundamental investment strategies [5][9] Fund Establishment and Growth - A total of 41 cash flow index funds have been established since July, with 32 of them launched in that month alone, marking the most concentrated period of fund launches since their inception [1][2] - The newly established funds include various indices such as the CSI 500 Free Cash Flow Index, expanding the range of available investment options [3][5] - Notably, 12 of the 73 cash flow index funds have raised over 1 billion yuan, with several launched in July achieving significant fundraising success [3][4] Performance and Market Dynamics - The average return of cash flow index funds that have been operational for over three months is approximately 4.07%, with some funds exceeding 10% returns [7][8] - Despite the overall growth in fund size, some funds have experienced a decline in scale, indicating varying levels of market interest and performance among different products [8] - The current inflow of funds into cash flow ETFs has not significantly impacted the underlying stock prices, suggesting that the market still has room for further investment in these assets [9]