当前海外关税风波再起，全球资本市场不确定性升温。在国内经济高质量发展深化推进、海外扰动仍存 的宏观环境下，资金更倾向于寻找相对稳健又具有潜力的替代标的，自由现金流资产走入投资者视野。 陶曙斌介绍，与主流红利指数相比，国证自由现金流指数成份股的市值和行业分布相对更为均衡分散。 截至7月8日，国证自由现金流指数成份股覆盖23个申万一级行业，既涉及家用电器、汽车等消费行业， 也包含有色金属、石油石化等周期行业，还纳入了电力设备等科技成长行业。 "这种相对均衡分散的行业分布，恰似一个'哑铃'，既有稳健的高股息资产，也有充满潜力的成长性资 产，避免了对特定行业或板块的过度依赖，从而有望更好应对市场周期波动。"陶曙斌指出。Wind数据 显示，截至7月15日，国证自由现金流指数自基日以来累计上涨368.76%，同时在2019-2024年连续6年实 现正增长，体现出较强的稳健性。 长城国证自由现金流指数基金拟任基金经理陶曙斌认为，在当前市场环境下，自由现金流资产展现出独 特的配置价值。他指出，这类资产兼具防御价值与成长潜力：一方面，自由现金流稳定的企业具备较高 分红潜力，有望穿越市场周期；另一方面，充裕的自由现金流能为企业技 ...

Group 1 - A-shares indices opened significantly higher today, with high free cash flow assets performing strongly, including stocks like Zhenhua Heavy Industries, Laibao High-tech, Tailong Co., Laofengxiang, and Hisense Home Appliances, all rising over 3% [1] - The news conference by the State Council Information Office introduced a "package of financial policies to support market stability and expectations," including plans to approve 60 billion yuan for long-term investments by insurance funds and adjustments to solvency regulatory rules, reducing stock investment risk factors by 10% [1] - The China Securities Regulatory Commission (CSRC) will promote the entry of medium- and long-term funds into the market, focusing on improving corporate governance and performance while increasing the scale and proportion of various long-term funds [1] Group 2 - The E Fund Free Cash Flow ETF (159222) tracks the Guozheng Free Cash Flow Index, which is primarily distributed across the automotive, home appliance, oil and petrochemical, and coal industries [2] - The index categorizes companies into two main types: low-valuation cyclical assets like oil and petrochemicals, and high-quality assets primarily in the automotive and home appliance sectors, focusing on companies with stable fundamentals and business models [2]