长期配置不猜市：为什么价值ETF能穿越牛熊稳赚收益？

Core Viewpoint - The article emphasizes the importance of investing in resilient assets that can withstand market fluctuations, highlighting the value ETF E Fund (fund code: 159263) which tracks the Guozheng Value 100 Index, known for its solid fundamentals and ability to provide stable returns regardless of market conditions [1]. Performance Summary - Since 2013, the Guozheng Value 100 Index has achieved an annualized return of 18%, outperforming the Zhongzheng Dividend Index which returned 11.3% [2]. - The Guozheng Value 100 Index has demonstrated strong performance across various market conditions, with only one year (2015) in the past 13 years where it underperformed the Zhongzheng Dividend Index [2]. Historical Performance Data - The Guozheng Value 100 Index has shown resilience during bear markets, gaining 48.2% from 2021 to 2024 while the Zhongzheng Dividend Index only increased by 21.3% [3]. - In bullish markets from 2016 to 2018, the Guozheng Value 100 Index rose by 117.0%, outperforming the Zhongzheng Dividend Index by 57.7% [3]. Investment Strategy - The Guozheng Value 100 Index combines high dividend yield, strong free cash flow, and low valuation to select stocks, addressing the common issues of high dividend but low growth and volatility associated with pure free cash flow strategies [5]. - This dual approach provides investors with a "double insurance" by ensuring stable dividends during downturns and growth potential during upturns, making it suitable for long-term holding regardless of market conditions [7]. Historical Holding Performance - Historical data indicates that holding the Guozheng Value 100 Index for one year results in a profit in 84.8% of the periods, and 96.5% for two years, with an average one-year return of 20.8% [7].