“红利+”指数逆势上涨，价值ETF易方达(159263)、自由现金流ETF易方达(159222)获资金加仓

Group 1 - The market experienced fluctuations on January 20, with technology stocks cooling down while the "Dividend+" index rose against the trend, with the CSI Dividend Index increasing by 1.3%, the National Value 100 Index by 1.0%, and the National Free Cash Flow Index by 0.8% [1] - Investors are utilizing ETFs for positioning, with the value ETF E Fund (159263) and the free cash flow ETF E Fund (159222) both receiving over 10 million shares in net subscriptions on the same day [1] - The National Value 100 Index employs a three-dimensional screening system based on "high dividend + high free cash flow + low price-to-earnings ratio" to select value stocks, demonstrating stable historical performance [1] Group 2 - The National Free Cash Flow Index consists of 100 stocks with high free cash flow levels in the A-share market, with over 70% of its composition in industrials, materials, and consumer discretionary sectors, combining high dividends and growth potential [5] - The historical performance of the indices shows varying returns, with the CSI Dividend Index achieving a 21% return in 2021, the National Value 100 Index at 30%, and the National Free Cash Flow Index at 18% [7] - The E Fund free cash flow ETF has a low fee rate of 0.15% plus an additional 0.05%, making it the only ETF linked to the National Free Cash Flow Index among its peers [7]