今日，现金流ETF（159399）公告分红。根据公告，本次分红比例为0.25%；权益登记日为2025年10月 14日；红利发放日为2025年10月17日。 现金流ETF（159399）是以自由现金流作为选股因子的Smart Beta ETF，紧密跟踪富时中国A股自由现金 流聚焦指数，剔除金融和地产行业，优选自由现金流率最高的50只股票，为投资者筛选出了一批A股市 场中的 "现金牛" 企业，为长期投资收益奠定了坚实基础。 随着市场走高，多空双方激烈博弈，市场波动显著放大，红利策略配置价值再度凸显，可以作为防御性 仓位适当配置。历史数据来看，红利策略抗跌属性较强。以富时现金流指数为例，在历史大跌期间均跑 赢大盘，感兴趣的投资者可以关注相关布局机会。 值得关注的是，现金流ETF（159399）月月评估分红，加上本次，自上市以来已经连续分红8个月。 （文章来源：每日经济新闻） ...

根据wind数据，现金流ETF（159399）实时盘中净流入4500万份，资金抢筹现金流资产。 华创证券指出，存量经济时代企业从追求规模走向追求利润和现金流，自由现金流长期优秀终能转化为 股东现金回报。高自由现金流回报组合从"高自由现金流回报"+"低投入、高利润分配股东比例"视角构 建，该策略在下跌或震荡市中表现相对更为优秀。 没有股票账户的投资者可关注国泰富时中国A股自由现金流聚焦ETF发起联接A（023919），国泰富时 中国A股自由现金流聚焦ETF发起联接C（023920）。 注：现金流ETF完全由国泰基金管理有限公司开发,本基金与伦敦证券交易所集团公司及其附属企业(统 称"LSE Group")之间没有关联，也并非受其发起、背书、出售或推广。FTSE Russell是特定LSE Group公 司的商标名称之一。LSE Group概不对任何人士使用本基金或基础数据承担任何责任。 分红情况具体详 见基金分红公告，基金分红规则以基金法律文件为准，鉴于本基金的特点，本基金分红不一定来自基金 盈利，基金分红并不代表总投资的正回报。如提及个股仅供参考，不代表投资建议。指数/基金短期涨 跌幅及历史表现仅供分析参考， ...

根据wind数据，现金流ETF（159399）连续5日净流入近2亿元，资金积极布局。 每日经济新闻 华泰证券表示，在利率下行压力加大的背景下，上市保险公司1H25加快配置高息股，以弥补现金 收益缺口。华泰证券估计，主要上市保险公司FVOCI股票（主要为红利股）的平均配置比例较年初提升 1.3ppts至4.2%，FVOCI股票余额增加近3200亿元。保险公司配置比例分化加大，部分公司或仍处于欠配 状态。此外，由于股市向好、政策大力推进险资入市等因素，上市保险公司的FVTPL股票（主要为交 易型股票）配置比例亦有所提升，较年初上升0.3ppts至5.5%。 （责任编辑：张晓波 ） 投资者可关注现金流ETF（159399）。市场表现来看，标的指数富时现金流指数2016年至2024年连 续9年跑赢中证红利指数和沪深300指数。现金流 ETF（159399）的标的指数聚焦大中市值，标的指数 央国企占比高于同类现金流指数，月月可评估分红，自上市以来已经连续分红7个月，感兴趣的投资者 或可持续关注。 没有股票账户的投资者可关注国泰富时中国A股自由现金流聚焦ETF发起联接A（023919），国泰 富时中国A股自由现金流聚焦E ...

Group 1 - The core viewpoint of the articles emphasizes the increasing interest in cash flow ETFs, particularly the cash flow ETF (159399), which has seen a net inflow of 14 million units, indicating strong demand for cash flow assets [1] - Nanjing Securities highlights that growth sectors are experiencing volatility, while sectors with strong policy expectations, such as "anti-involution" and "promoting domestic demand," remain at relatively low levels, suggesting a high cost-performance ratio for medium to long-term allocation [1] - The FTSE Cash Flow Index, which the cash flow ETF (159399) tracks, has outperformed the CSI Dividend Index and the CSI 300 Index for nine consecutive years from 2016 to 2024, indicating its strong market performance [1] Group 2 - 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 six consecutive months since its launch [1] - Investors without stock accounts are encouraged to consider the Guotai FTSE China A-Share Free Cash Flow Focused ETF Initiated Link A (023919) and Link C (023920) as alternative investment options [1]

Group 1 - The market is experiencing significant volatility, with cash flow ETF (159399) attracting over 100 million yuan in inflows during a market pullback, highlighting the value of dividend strategies as a defensive allocation [1] - Historical data indicates that dividend strategies have strong anti-drawdown properties, with the FTSE cash flow index outperforming the market during significant downturns [2] - The cash flow ETF (159399) utilizes free cash flow as a stock selection factor, closely tracking the FTSE China A-share free cash flow focus index, excluding financial and real estate sectors, and selecting the top 50 stocks with the highest free cash flow rates [2] Group 2 - The cash flow index focuses on large and mid-cap stocks, exhibiting strong defensive attributes and potentially higher dividend yields to withstand market fluctuations [3] - The cash flow ETF (159399) has consistently paid dividends for six consecutive months since its launch, with the latest evaluation as of the end of August [4]

Group 1 - The core viewpoint of the articles highlights the increasing interest in cash flow ETFs, particularly ETF 159399, which has seen a net inflow of 63 million units, indicating strong demand for cash flow assets [1] - According to Everbright Securities, domestic policies have shifted since September last year towards a focus on fundamentals and liquidity, maintaining a proactive stance despite some restraint in policy intensity [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, suggesting a robust performance of cash flow-focused investments [1] Group 2 - The cash flow ETF (159399) has a high proportion of central state-owned enterprises compared to similar cash flow indices, and it has distributed dividends for six consecutive months since its listing [1] - Investors without stock accounts are encouraged to consider the Guotai FTSE China A-Share Free Cash Flow Focused ETF Initiated Link A (023919) and Link C (023920) as alternative investment options [1]

Group 1 - The market experienced a pullback today, with the Cash Flow ETF (159399) declining over 1%, but there was significant net subscription of over 40 million units during the day, indicating investor interest in lower prices [1] - Nanjing Securities noted that the growth sector carries substantial trading risks, while sectors with strong policy expectations, such as "anti-involution" and "promoting domestic demand," remain relatively undervalued, presenting better long-term investment opportunities [1] - The dividend style sectors have been overlooked in the short term due to rising risk appetite, but they may perform better as risk aversion returns, suggesting they could be suitable for defensive positioning [1] Group 2 - The Cash Flow ETF (159399) focuses on large and mid-cap stocks with strong defensive attributes and high dividend yields, which may help mitigate market volatility [2] - As of the end of August, the Cash Flow ETF has distributed dividends for six consecutive months since its launch, highlighting its consistent performance [2]

Group 1 - The core viewpoint of the article highlights that the overall profit growth of listed companies remains stable, with a significant increase in operating cash flow and a continued decline in capital expenditure, leading to an increase in free cash flow [1] - The FCF yield (TTM) of non-financial construction in the CSI 300 has risen to 4.5%, up from 4.1% at the beginning of the year, indicating a substantial increase in free cash flow yield [1] - The proportion of free cash flow of the entire A-share non-financial sector relative to total market value has steadily increased to 2.5%, and the proportion relative to total revenue has risen to 3.1% [1] Group 2 - In specific sectors, there is a notable improvement in free cash flow ratios in mid-to-high-end manufacturing, sectors benefiting from capacity clearance due to "anti-involution," and certain discretionary consumption industries [1] - Investors are encouraged to pay attention to cash flow ETFs (159399), which have outperformed the CSI Dividend Index and the CSI 300 Index for nine consecutive years from 2016 to 2024 [1] - For investors without stock accounts, they can consider the Guotai FTSE China A-Share Free Cash Flow Focused ETF Initiated Link A (023919) and Link C (023920) [1]

Core Insights - The market is experiencing heightened volatility, leading to increased attention on the stable attributes of dividends, particularly through the cash flow ETF (159399), which attracted over 200 million yuan in investments on the 5th [1] - Nanjing Securities indicates that the growth sector carries significant trading risks, while sectors with strong policy expectations, such as "anti-involution" and "promoting domestic demand," remain relatively undervalued, presenting better long-term investment opportunities [1] - The cash flow ETF (159399) utilizes free cash flow as a stock selection factor, closely tracking the FTSE China A-Share Free Cash Flow Index, excluding financial and real estate sectors, and selecting the top 50 stocks with the highest free cash flow rates [1] Index Characteristics - The cash flow index focuses on large and mid-cap stocks, exhibiting strong defensive attributes and higher dividend yields, which may help mitigate market fluctuations [2] - The cash flow ETF (159399) has consistently distributed dividends for six consecutive months as of the end of August since its launch [2]

Group 1 - The market is experiencing increased volatility due to intensified funding battles as it rises [1] - "Smart money" has begun to act, with the cash flow ETF (159399) attracting over 200 million yuan in just five days [2] - The cash flow ETF focuses on companies with high free cash flow, excluding financial and real estate sectors, and selects the top 50 stocks for investors [2] Group 2 - The cash flow index emphasizes large and mid-cap stocks with strong defensive attributes and high dividend yields, potentially mitigating market fluctuations [2] - The cash flow ETF has distributed dividends for six consecutive months as of the end of August, making it a favorable asset allocation option for investors [2]