现金流ETF（159399）10日吸金近6亿元，连续9个月分红，年底政策窗口期，红利风格凸显

Core Insights - The market is experiencing volatility, leading to increased inflows into cash flow ETFs (159399), which have attracted nearly 600 million yuan in the past 10 days, bringing the total size to over 4.3 billion yuan [1] - As the year-end policy window approaches, the market faces challenges such as "performance vacuum period + policy uncertainty + tightening liquidity," prompting investors to favor dividend assets for better risk-adjusted returns [1] - Historical data indicates that dividend stocks tend to show significant excess returns in December, January, and April, as they are seen as a safe haven for funds before year-end and during the performance announcement period in April [1] Company and Industry Summary - Cash flow ETF (159399) utilizes free cash flow as a stock selection factor and closely tracks the FTSE China A-Share Free Cash Flow Focus Index, excluding financial and real estate sectors, and selects the top 50 stocks with the highest free cash flow rates [1] - This ETF aims to identify "cash cow" companies within the A-share market, providing a solid foundation for long-term investment returns [1] - The cash flow ETF (159399) has been consistently distributing dividends monthly since its launch, with a total of 9 consecutive months of dividends as of November 2025 [1]