基金市场周报：自由现金流主题ETF发行较热

Market Performance - The Shanghai Composite Index decreased by 0.28% last week, while the Shenzhen Component Index fell by 2.28%[14] - The Hang Seng Index dropped by 2.46%, and the Hang Seng Tech Index declined by 3.51%[14] - The S&P 500 index fell by 3.3%, with most overseas indices also experiencing declines[14] Fund Performance - The Shanghai Index has a year-to-date change of -0.05%, while the CSI Fund Index increased by 1.02%[3] - Stock funds showed a 2.83% increase year-to-date, while mixed funds rose by 3.72%[3] - Bond funds experienced a slight decline of -0.03% year-to-date, and money market funds increased by 0.37%[3] New Fund Issuance - A total of 39 new funds are planned for issuance this week, with a target fundraising amount exceeding 110.5 billion yuan[5][8] - Among the new funds, 15 are passive index equity funds, and 2 are passive index bond funds[5][8] - The focus on free cash flow theme ETFs is notable, with multiple products tracking various free cash flow indices being launched[5][12] Investment Trends - There is a growing investor preference for companies with stable cash flows, particularly in uncertain macroeconomic conditions[6][13] - Free cash flow (FCF) is increasingly recognized as a key indicator of financial quality, providing a defensive barrier for investors[6][13] - The demand for free cash flow-themed ETFs is expected to expand, as they guide capital towards financially healthy companies[6][13] ETF Fund Flows - Last week, net inflows into gold ETFs amounted to 8.7 billion yuan, while the CSI 300 saw net inflows of 2.231 billion yuan[21] - The Hang Seng Tech Index also experienced a net inflow of 2.168 billion yuan[21]