Group 1 - The core viewpoint highlights the increasing market attention on cash flow assets, particularly in the context of the cash flow ETF (159399) which has seen significant net inflows [1] - The cash flow ETF has recorded a real-time net inflow of 23 million units, with a total net inflow exceeding 130 million yuan over the past five days, indicating strong investor interest [1] - Foreign and domestic capital are both increasing their positions in cyclical industries with good cash flow performance, particularly in the electronics sector with a net inflow of 3.47 billion yuan and the non-ferrous metals sector with a net inflow of 2.04 billion yuan [1] Group 2 - Non-bank financials and power equipment sectors are leading in net inflows among stable cash flow industries, with inflows of 3.74 billion yuan and 2.89 billion yuan respectively [1] - The FTSE Cash Flow Index has outperformed the CSI Dividend Index and the CSI 300 Index for nine consecutive years from 2016 to 2024, indicating strong performance of cash flow-focused investments [1] - The cash flow ETF (159399) focuses on large and mid-cap stocks, with a higher proportion of central state-owned enterprises compared to similar cash flow indices, and has distributed dividends for eight consecutive months since its listing [1]