中长期资金加速入市，最低费率一档的自由现金流ETF（159201）配置价值凸显

Core Insights - The A-share market opened lower on November 17, with the Guozheng Free Cash Flow Index following the market trend, showing a slight narrowing of the decline to approximately 0.5% [1] - Major stocks such as Weichai Power, Haili Heavy Industry, and Mould Technology led the gains [1] - The largest free cash flow ETF (159201) has seen continuous net inflows over the past six days, with a peak single-day net inflow of 240 million yuan, totaling 888 million yuan in inflows, indicating significant capital attraction [1] Market Dynamics - The dual push from ongoing policy guidance and an improved market environment has accelerated the entry of various medium- and long-term funds into the capital market this year [1] - Industry experts believe that the accelerated entry of medium- and long-term funds into the market has multiple positive implications for the capital market, including stabilizing market fluctuations caused by short-term speculation and enhancing market resilience [1] - This trend is expected to promote a shift towards value and long-term investment, directing funds into strategic areas such as technological innovation and advanced manufacturing, thereby providing stable financial support to the real economy [1] ETF and 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 portfolio allocation and meeting 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]