Group 1 - The core viewpoint of the article emphasizes the increasing importance of free cash flow as a reliable indicator of a company's financial health, especially in the context of China's economic recovery and the A-share market's volatility [1][2] - The launch of the Huaxia CSI 500 Free Cash Flow ETF Fund on January 21 aims to provide investors with a convenient tool to invest in companies with strong free cash flow, addressing the challenges of market selection and allocation [1][7] - Free cash flow is highlighted as a critical metric for assessing a company's true profitability, as it reflects the cash available after meeting operational and investment needs, making it a preferred measure over net profit [2][3] Group 2 - The CSI 500 Free Cash Flow Index, which selects the top 50 companies based on free cash flow rates from the CSI 500, is designed to ensure that constituent stocks exhibit both real profitability and sustainable operational capabilities [3][4] - The index focuses on sectors such as non-ferrous metals (18.3%), basic chemicals (15.6%), and machinery (7%), while avoiding industries with unique cash flow structures like finance and real estate, thus providing a complementary advantage to mainstream indices [4] - Historical performance data shows that the CSI 500 Free Cash Flow Index has achieved a cumulative return of 408.47% from its inception in 2013 to December 31, 2025, with an annualized return of 14.94%, significantly outperforming other indices [4] Group 3 - Huaxia Fund has established itself as a leader in the passive investment space, with a comprehensive ETF ecosystem that includes 117 products covering various indices and strategies, reflecting strong market recognition [5][6] - As of January 12, 2026, Huaxia Fund's equity ETF management scale exceeded 1 trillion yuan, maintaining the industry's highest average scale for 21 consecutive years [5] - The new cash flow ETF fund allows investors to participate in the market without needing a stock account, with a minimum subscription threshold of 1 yuan, making it accessible to a broader audience [6][7]