“红利+”指数集体走强，关注价值ETF易方达（159263）、自由现金流ETF易方达（159222）等产品投资价值

Core Viewpoint - The "Dividend+" index has shown strong performance, driven by the non-ferrous and energy sectors, with significant interest in related ETFs, particularly the E Fund Free Cash Flow ETF, which saw a net subscription of 21 million shares on January 28 [1]. Group 1: Index Performance - The Guozheng Free Cash Flow Index increased by 2.3%, while both the Guozheng Value 100 Index and the CSI Dividend Index rose by 1.6% [1]. - The CSI Dividend Index consists of 100 stocks with high cash dividend yields, reflecting the overall performance of high-dividend A-share companies, with banks, coal, and transportation sectors accounting for over 50% of the index [2]. - The Guozheng Value 100 Index is composed of 100 stocks with prominent value characteristics, with consumer discretionary, financials, and industrials making up over 65% of the index [2]. Group 2: ETF Details - The E Fund Free Cash Flow ETF (159222) tracks the Guozheng Free Cash Flow Index, which includes 100 stocks with high free cash flow levels, primarily from the industrial, materials, and consumer discretionary sectors, accounting for over 70% of the index [2]. - The E Fund Value ETF (159263) tracks the Guozheng Value 100 Index, focusing on value stocks with a low price-to-earnings ratio and high dividend yield [1][2]. Group 3: Historical Performance - The CSI Dividend Index has shown a compound annual growth rate of 11.1% since 2013, with notable fluctuations in annual returns [3]. - The Guozheng Value 100 Index has a compound annual growth rate of 18.0% [3]. - The Guozheng Free Cash Flow Index has experienced a compound annual growth rate of 18.9% [3].