存款“搬家”趋势显现，同类规模最大的自由现金流ETF（159201）持续获益

Core Viewpoint - The largest free cash flow ETF (159201) has shown positive performance, with a rise of approximately 0.3%, driven by leading stocks such as Lianxu Electronics, Meiyingsen, and Longji Machinery. The ETF's trading volume exceeded 250 million yuan, indicating active trading in the market [1]. Group 1: Market Trends - The trend of "deposit migration" is becoming evident, leading to adjustments in asset allocation structures, a recovery in investment sentiment, and an improvement in risk-return ratios, which are expected to attract more funds into the capital market [1]. - There is a shift in resident assets from real estate to financial assets, with stock risk-adjusted returns outperforming bonds, and insurance funds having smooth access to the market, all contributing to this trend [1]. Group 2: ETF Characteristics - The free cash flow ETF (159201) closely tracks the National Certificate Free Cash Flow Index, selecting stocks with positive and high free cash flow after screening for liquidity, industry, and ROE stability, resulting in a high-quality index with strong risk resistance suitable for long-term investment [1]. - The fund management fee is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are the lowest in the market, maximizing benefits for investors [1].