Sou Hu Cai Jing·2025-09-05 02:18Core Viewpoint - The Free Cash Flow ETF has shown strong performance with significant inflows and high returns, indicating a favorable investment environment for companies with stable cash flow [1][3][4]. Group 1: ETF Performance - As of September 5, 2025, the National Index of Free Cash Flow increased by 0.1%, with constituent stocks like Anfu Technology rising by 7.79% [1]. - The Free Cash Flow ETF (159201) has seen an average daily trading volume of 349 million yuan over the past month, ranking first among comparable funds [1]. - In the last 14 days, the Free Cash Flow ETF has attracted a total net inflow of 725 million yuan, reaching a record high of 4.111 billion shares since its inception [1]. Group 2: Leverage and Returns - Leverage funds have been actively buying into the Free Cash Flow ETF, with a net purchase of 10.5771 million yuan on the highest single day, bringing the latest financing balance to 54.4918 million yuan [3]. - Since its inception, the Free Cash Flow ETF has achieved a maximum monthly return of 7%, with the longest consecutive monthly gains being 4 months and a maximum increase of 16.68% [3]. - The ETF has a historical monthly profit probability of 81.2% and a 100% probability of profit over a 6-month holding period [3]. Group 3: Fee Structure and Tracking Accuracy - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [3]. - The tracking error for the Free Cash Flow ETF over the past month is 0.066%, indicating the highest tracking precision among comparable funds [3]. Group 4: Index Composition - The National Index of Free Cash Flow reflects the price changes of listed companies with high and stable free cash flow levels in the Shanghai and Shenzhen stock exchanges [4]. - As of August 29, 2025, the top ten weighted stocks in the index include SAIC Motor, China National Offshore Oil, Midea Group, and others, collectively accounting for 57.95% of the index [4][6].