同类规模最大的自由现金流ETF（159201）小幅震荡，迎低位布局机会

Core Viewpoint - The article discusses the performance of the National Free Cash Flow Index and highlights the investment opportunities in the Free Cash Flow ETF (159201), emphasizing the importance of free cash flow in assessing company quality and growth potential [1]. Group 1: Market Performance - On August 11, the three major indices opened higher, with the National Free Cash Flow Index experiencing a slight adjustment, down approximately 0.1% [1]. - Key stocks such as Weichai Heavy Machinery reached the daily limit, with other companies like Longi Machinery, Jinyi Industrial, and Huaren Health also seeing gains [1]. Group 2: Investment Strategy - Shenwan Hongyuan Securities notes that free cash flow yield reflects a company's actual cash flow situation and better indicates operational quality and future growth potential [1]. - The Free Cash Flow ETF (159201) focuses on industry leaders with abundant free cash flow, covering sectors such as home appliances, automotive, non-ferrous metals, power equipment, and oil and petrochemicals, thus effectively mitigating single-industry volatility risks [1]. Group 3: Fund Management - The Free Cash Flow ETF (159201) has a management annual fee rate of 0.15% and a custody annual fee rate of 0.05%, both of which are the lowest in the market [1].