“红利+”指数集体回调，资金逆势加码，自由现金流ETF易方达（159222）半日净申购达3900万份

Group 1 - The "Dividend +" index experienced a collective pullback, with the China Securities Dividend Index down 1.9%, the National Securities Value 100 Index down 2.4%, and the National Securities Free Cash Flow Index down 3.0% as of midday [1] - Despite the market downturn, there was a significant inflow into the Free Cash Flow ETF managed by E Fund, with a net subscription of 39 million units [1] - The National Securities Value 100 Index employs a three-dimensional screening system focusing on "high dividends + high free cash flow + low price-to-earnings ratio," historically demonstrating stable performance [1] Group 2 - The Free Cash Flow ETF by E Fund tracks the National Securities Free Cash Flow Index, which consists of 100 stocks with high free cash flow levels, primarily in the industrial, materials, and consumer discretionary sectors, accounting for over 70% [4] - The historical performance of the National Securities Free Cash Flow Index shows a return of -3% in 2013, 57% in 2014, and 17% in 2015, among other years, indicating a mixed performance over time [4] - The ETF has a low fee rate of 0.15% plus an additional 0.05%, making it competitive among similar index-linked ETFs [4]