优先选择具备基本面支撑、流动性良好且估值合理的资产，自由现金流ETF（159201）配置价值凸显

Core Viewpoint - The A-share market is experiencing a volume contraction while the Guozheng Free Cash Flow Index is showing an upward trend, with a current increase of approximately 0.8% [1] Group 1: Market Performance - The Guozheng Free Cash Flow Index is rising, with component stocks such as Taiji Industry and Guodian Nanzi hitting the daily limit [1] - Other stocks like Tailong Co., Yun Aluminum, and Luoyang Molybdenum are also seeing gains [1] - The largest free cash flow ETF (159201) is actively trading and frequently experiencing premium transactions, reflecting strong market interest [1] Group 2: Fund Inflows - The free cash flow ETF has seen continuous net inflows over the past five days, totaling 191 million yuan [1] Group 3: Analyst Insights - The chief strategy analyst at Galaxy Securities suggests that investors should focus on "steady allocation, risk diversification, and long-term participation," avoiding speculative trading [1] - The chief strategy analyst at Kaiyuan Securities indicates that the market is expected to continue breaking through after a phase of "rebalancing," as long as the core driving forces remain intact [1] Group 4: Fund Characteristics - The free cash flow ETF (159201) and its linked funds (A: 023917; C: 023918) closely track the Guozheng Free Cash Flow Index, selecting stocks with positive and high free cash flow after liquidity, industry, and ROE stability screening [1] - The index is characterized by high quality and strong risk resistance, making it suitable for core holdings and long-term investment needs [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]