A股冲高回落，同类规模最大的自由现金流ETF（159201）打开布局窗口

Group 1 - The A-share market experienced a pullback after a midday surge, with the Guozheng Free Cash Flow Index fluctuating and declining approximately 0.2% [1] - The market's bullish atmosphere in July was driven by a combination of loose liquidity and positive policy expectations, with retail investors being the core driving force [1] - The largest free cash flow ETF (159201) closely tracks the Guozheng Free Cash Flow Index and has shown strong long-term performance, indicating good allocation value in its stock selection strategy [1] Group 2 - Retail investors are identified as the main contributors to the current market rally, while foreign capital shows signs of recovery, and institutional fund flows are mixed [1] - The free cash flow stock selection strategy is noted for its aggressive positioning in value markets, serving as an excellent complement to defensive strategies [1]