现金流500ETF（560120）盘中调整打开布局窗口，持仓股白银有色三连板

Core Viewpoint - The A-share market experienced a high opening followed by a decline, with the CSI 500 Free Cash Flow Index adjusting slightly by approximately 0.1%. The market is shifting focus from scale to profitability and cash flow in the context of a stock economy [1] Group 1: Market Performance - The CSI 500 Free Cash Flow Index saw a minor adjustment of about 0.1% during the trading session [1] - The only ETF tracking the 500 Cash Flow Index, Cash Flow 500 ETF (560120), followed the index's adjustment, creating a low-position layout opportunity [1] Group 2: Investment Strategy - Huachuang Securities analysis indicates that in the era of a stock economy, companies are transitioning from pursuing scale to focusing on profits and cash flow, with long-term excellent free cash flow eventually translating into shareholder cash returns [1] - The strategy of focusing on dividends is fundamentally about a company's cash allocation ability, emphasizing free cash flow, and a combination of free cash flow and high dividends remains suitable for long-term core allocation [1] Group 3: Sector Focus - The Cash Flow 500 ETF (560120) targets sectors such as non-ferrous metals, basic chemicals, transportation, machinery, and pharmaceuticals, combining growth and quality with a small and mid-cap style characteristic [1] - As of August 29, 2025, the top ten weighted stocks in the CSI 500 Free Cash Flow Index accounted for 44.96%, including companies like CIMC Group, Zhejiang Longsheng, and Yuntianhua [1]