资金抢筹防御型资产，自由现金流ETF（159201）近9天连续“吸金”，合计达14.95亿元

Group 1 - The A-share market opened high but closed lower, with the Guozheng Free Cash Flow Index experiencing a decline of approximately 0.2%. Leading stocks included Lianfa Co., Xiamen International Trade, and Weichai Power [1] - The largest free cash flow ETF (159201) has seen continuous net inflows over the past nine days, totaling 1.495 billion yuan [1] - Dongwu Securities analysis indicates that since July, top-level design against "involution" has been introduced, with a clearer policy path and increasing demand-side policies. This is expected to improve PPI and drive profit recovery, enhancing economic expectations [1] Group 2 - Free cash flow serves as the foundation for dividend distribution, focusing on a company's internal growth capabilities, while dividend strategies emphasize the results of dividend distribution. These strategies typically complement each other in industry distribution [1] - The free cash flow strategy may act as a foundational tool for balancing growth stock investments. The free cash flow ETF (159201) and its linked funds (A: 023917; C: 023918) closely track the Guozheng Free Cash Flow Index, with management fees at 0.15% and custody fees at 0.05%, both being the lowest in the market [1]