机构看好“老经济“板块配置价值，自由现金流ETF（159201）成长线投资布局利器

Group 1 - The core viewpoint of the article highlights the positive performance of the Free Cash Flow ETF (159201), which has seen a 0.64% increase in early trading on January 16, with leading stocks such as Yaxiang Integration, Pinggao Electric, and Silver Industry rising over 4% [1] - The Free Cash Flow ETF (159201) has experienced net inflows in 8 out of the last 10 trading days, totaling over 782 million yuan [1] - Huatai Securities Research Institute expresses optimism about the allocation value of the "old economy" sector, citing four key reasons for this outlook, including the positive correlation between new and old economies, low valuations in the old economy sector, strong recovery potential from the cyclical bottom, and a preference for value styles among incremental funds [1] Group 2 - The Free Cash Flow ETF (159201) and its linked funds (A: 023917; C: 023918) closely track the National Index of Free Cash Flow, selecting stocks with positive and high free cash flow after liquidity, industry, and ROE stability screening, indicating high quality and strong risk resistance suitable for long-term investment [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 the lowest in the market, maximizing benefits for investors [2]