现金流ETF（159399）再受资金青睐，5日吸金超2.6亿元，连续9个月分红

Group 1 - The core viewpoint is that defensive dividend funds are gaining popularity as market risk appetite declines, with the cash flow ETF (159399) attracting over 260 million yuan in five consecutive days, bringing its current scale to nearly 4 billion yuan [1][2] - Market risk appetite has decreased due to profit-taking pressures and increased volatility in overseas markets, making dividend-style investments more attractive during market fluctuations [1][2] - The year-end calendar effect is influencing funds to lean towards defensive strategies while also speculating on policy dividends, making dividend sectors a preferred choice for investors [2] Group 2 - Policies aimed at stabilizing growth and promoting consumption are expected to be implemented in the fourth quarter, benefiting stable leading companies in the dividend sector, which have strong dividend certainty and currently low valuations [2] - The cash flow ETF (159399) utilizes free cash flow as a stock selection factor, closely tracking the FTSE China A-Share Free Cash Flow Focus Index, and excludes financial and real estate sectors to select the top 50 stocks with the highest free cash flow rates [2] - The cash flow ETF (159399) has consistently paid dividends for nine months since its launch, with monthly assessments of dividends expected to continue until November 2025 [2]