机构建议聚焦低位价值板块，同类规模最大的自由现金流ETF（159201）布局价值凸显

Group 1 - The A-share market opened higher on November 24, with the three major indices experiencing fluctuations, while the Guozheng Free Cash Flow Index slightly declined by approximately 0.3% [1] - Leading stocks in the index included Dongfang Tower, Nanjing Xinbai, and Shanghai Electric, indicating strong performance in specific sectors [1] - The largest free cash flow ETF (159201) has seen continuous net inflows over the past 11 days, totaling 1.646 billion yuan, reflecting strong investor interest [1] Group 2 - According to Xinda Securities, the foundation for a bull market remains solid, with potential for overall profit improvement and capital inflows to extend the bull market duration [1] - Strategic concerns include a performance gap, weak economic data, and adjustments in overseas markets, which may lead to significant market fluctuations [1] - The upcoming year may present opportunities for upward movement due to policy or capital changes, despite potential short-term volatility from regulatory policies and supply increases [1] Group 3 - The free cash flow ETF (159201) closely tracks the Guozheng Free Cash Flow Index, selecting stocks with positive and high free cash flow after liquidity, industry, and ROE stability screening [2] - The ETF is characterized by high quality and strong risk resistance, making it suitable for long-term investment and core portfolio allocation [2] - The fund management fee is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are among the lowest in the market, maximizing benefits for investors [2]