A股资金面正迎来改善，自由现金流ETF（159201）布局价值凸显，嘉事堂三连板

Group 1 - The core viewpoint of the article highlights the fluctuation of the Guozheng Free Cash Flow Index, which experienced a decline of approximately 0.4% in early trading on January 7, with component stocks showing mixed performance [1] - Notable stocks such as Jiashitang, China Chemical, Anfu Technology, Mona Lisa, and Nanshan Aluminum saw gains, indicating selective strength within the market [1] - The largest free cash flow ETF (159201) has seen a continuous net inflow of funds totaling 641 million yuan over the past four days, reaching a new high of 9.213 billion yuan since its inception [1] Group 2 - Dongwu Securities' research report suggests that the A-share market is experiencing an improvement in liquidity, driven by cross-border capital inflows and the upcoming insurance "New Year" funds entering the market [1] - The report indicates that the recovery of the RMB exchange rate may boost market sentiment and potentially lead to incremental capital through corporate and household sectors [1] - Free cash flow is emphasized as the foundation for dividend distribution, focusing on a company's internal growth capabilities, while dividend strategies emphasize the results of dividend distribution [1] Group 3 - The free cash flow strategy is noted to complement growth stock investments, serving as a foundational tool for balancing such investments [1] - 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%, representing the lowest rates in the market [1]