2025年为自由现金流量投资元年，自由现金流ETF（159201）近20个交易日合计“吸金”超15亿元

Group 1 - The core viewpoint of the news highlights the positive performance of the Guozheng Free Cash Flow Index, with a slight increase of approximately 0.15%, led by stocks such as Falan Tech, Dongfang Tower, and Luoyang Molybdenum [1] - The largest free cash flow ETF (159201) experienced a net inflow of 240 million yuan yesterday, with 19 out of the last 20 trading days showing net inflows, totaling over 1.5 billion yuan, indicating significant capital attraction [1] - A research team from Tsinghua University predicts that multiple fund products linked to the free cash flow index will be approved and issued starting in 2025, marking it as the inaugural year for free cash flow investment in China's capital market [1] Group 2 - According to Caitong Securities, after the Q3 reports and the US-China agreement, there are limited short-term catalysts for the A-share market, which may lead to a phase of profit-taking and a cautious market stance [1] - Tianfeng Securities' report suggests that with the profit effect already realized throughout the year, fund behavior in Q4 is likely to become conservative, with a potential shift in market style towards "profit quality + valuation safety" large-cap blue chips [1] - 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, indicating high index quality and strong risk resistance, suitable for long-term investment [2]