China Merchants CSI All Share Free Cash Flow ETF

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On April 14th, the A-share market showed mixed performance, with a slight adjustment in free cash flow-related indices. The CNI Free Cash Flow Index and the CSI 500 Free Cash Flow Index both fell by about 0.45%. The ChinaAMC Free Cash Flow ETF (159201) attracted a net inflow of 1.037 billion yuan over the past 6 days, reaching a scale of 20.061 billion yuan; the CSI 500 Cash Flow ETF (560120) attracted 541 million yuan, reaching a scale of 1.075 billion yuan. Analysts pointed out that the situation in the Middle East and high oil prices are putting pressure on market risk appetite, suggesting that investors maintain liquidity and focus on allocation opportunities in free cash flow ETFs

腾讯新闻 - 财经

ChinaAMC CSI 500 Free Cash Flow ETF

China Merchants CSI 800 Free Cash Flow ETF

ChinaAMC CNI Free Cash Flow ETF

Geopolitical conflicts and high oil price disturbances still exist, focusing on the allocation opportunities of free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETFs ChinaAMC (560120)

The latest research report from Changjiang Securities shows that the free cash flow of A-shares is rebounding, and the turning point for cyclical manufacturing has arrived. The growth rate of corporate profits has slightly rebounded, fixed asset investment growth has slowed down, and capital expenditures are stable or rationally contracting. Financial data for the third quarter of 2025 indicates that the overall free cash flow (non-financial) is rebounding, mainly due to the contraction of capital expenditures. The China Merchants CSI All Share Cash Flow ETF (563770) and the China Merchants CSI 800 Cash Flow ETF (159119) are low-fee investment tools suitable for positioning in the cash flow improvement theme. Risk warning: Investment should be cautious

Institution: Full A Free Cash Flow Rebounds! Low Rates 563770, 159119 Welcome Allocation Opportunities! Capital Expenditure Contraction Drives Cash Flow Recovery

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Starting from 2025, the A-share free cash flow index officially enters the sight of ETF investors. By March 31, 2026, the number of related ETFs has reached 30, with a scale exceeding 45 billion yuan. Free cash flow, as a core indicator of a company's true profit quality, filters out targets with high profit quality. The selection schemes of China Universal, CSI, and FTSE are similar, but there are differences in the negative exclusion rules. China Universal emphasizes the stability of ROE, while CSI focuses on the sustainability of cash flow

China Universal CNI Free Cash Flow ETF

E Fund CNI Free Cash Flow ETF

What are the differences between the three all-market stock selection free cash flow indices?

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Free cash flow is the cash that a company can freely allocate, reflecting the true quality of its earnings. Companies with high free cash flow typically have stable shareholder returns, healthy finances, and mature business models. There are three major free cash flow indices in the market: the CNI Free Cash Flow Index (requiring 3 years of positive cash flow), the CSI All Share Free Cash Flow Index (requiring 5 years of positive cash flow), and the FTSE China A Free Cash Flow Focus Index (requiring 1 year of positive cash flow). The main differences among the three lie in the number of years of positive cash flow and the number of constituent stocks

Founder Fubon CSI All Share Free Cash Flow ETF

Bosera CSI All Share Free Cash Flow Index Exchange Traded Fund

Guotai FTSE China A Free Cash Flow Focus ETF

Harvest CNI Free Cash Flow ETF

Harfor CSI All Share Free Cash Flow ETF

GTJA Allianz CSI A100 Index Fund(LOF)

CS CASH FLOW ETF

Huaan CSI All Share Free Cash Flow ETF

Huatai-PB CSI All Share Free Cash Flow ETF

Key points summary, what are the differences among the three free cash flow indices?

On March 26, the major A-share indices opened lower but turned positive, with the free cash flow-related indices performing well. The National Index of Free Cash Flow rose by about 0.3%, and the CSI 500 Free Cash Flow Index increased by about 0.2%. The free cash flow ETF ChinaAMC (159201) attracted over 1.9 billion yuan in the last 10 trading days, while the CSI 500 Cash Flow ETF ChinaAMC (560120) attracted over 620 million yuan, setting a new high since its establishment. Dongfang Securities believes that Chinese assets possess a triple "safety premium," and the free cash flow index is expected to become one of the core allocation directions

Institutions claim that Chinese assets possess a triple "safety premium," focusing on opportunities in free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETF ChinaAMC (560120)

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The Southern Fund's Free Cash Flow ETF (Southern, 159232) has seen continuous net inflows for the past 9 days. Institutional analysis indicates that the free cash flow of A-shares is recovering, and the turning point for the cyclical manufacturing sector has arrived. The Southern Free Cash Flow ETF traded 15.8855 million yuan, while the tracked CSI All Share Free Cash Flow Index fell by 1.65%. The improvement in the overall A-share (non-financial) free cash flow is mainly due to a contraction in capital expenditures, with the cyclical sector's free cash flow showing a year-on-year increase, and the decline in the technology sector's free cash flow narrowing. This ETF serves as a tool for investors to allocate quality assets by tracking companies with high free cash flow rates

BOC CSI All Share Free Cash Flow ETF

Southern Fund's free cash flow ETF has seen net inflows for 9 consecutive days; institutions: A-share free cash flow is rebounding, and the turning point for cyclical manufacturing has arrived

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Today, the overall market experienced fluctuations and adjustments. The CSI Cash Flow Index opened lower and trended downward, with weak sideways trading in the afternoon and a slight rebound at the end, overall slightly outperforming the broad market. The oil and electricity sectors led the gains, significantly boosted by the geopolitical conflicts in the Middle East, with ICE Brent crude and INE crude oil surging. The cash flow index relied on counter-cyclical sectors such as oil and gas to maintain a relatively resilient bottom line, demonstrating its defensive foundational value. The latest quote for the Penghua All Share Free Cash Flow ETF is 1.34 yuan, closely tracking the CSI All Share Free Cash Flow Index

Penghua CSI All Share Free Cash Flow ETF

The overall cash flow ETF Penghua's defensive value stands out, waiting for the market's selling momentum to weaken

Recently, with increased market volatility, the Free Cash Flow ETF All Share (561870) has gained popularity. The CSI Cash Flow Total Return Index has returned 38.24% over the past year, outperforming the CSI 300 and the CSI A500. Fund manager Li Xiaohua pointed out that "HALO" assets are attracting attention in the market due to their irreplaceability, mainly concentrated in industries such as automotive, transportation, and non-ferrous metals, aiming to reflect listed companies with strong cash flow generation capabilities

"HALO" assets strengthen, free cash flow ETF index (561870) favored in volatile market

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The free cash flow ETF index has seen a net inflow for 6 consecutive days, reaching a scale of 214 million yuan, a new high in nearly 3 months. The CSI All Share Free Cash Flow Index rose by 0.56%, with strong performance from constituent stocks. The top ten weighted stocks include CNOOC, SAIC Motor, etc., accounting for a total of 50.26%. Caitong Securities recommends adopting the "HALOPLUS" strategy under liquidity disturbances, prioritizing allocation to companies with high cash flow and heavy assets

Penghua CSI 800 Free Cash Flow ETF

CNOOC

SAIC Motor

The free cash flow ETF index has seen net inflows for 6 consecutive days, with the HALO portfolio demonstrating both defensive and growth resilience

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Cash flow assets are regarded as the preferred buffer against market fluctuations, and the Penghua All Share Cash Flow ETF (512130) has attracted significant attention. Today, the CSI Cash Flow Index closed down 1.23%, underperforming the CSI 300 and the SSE Composite Index. Institutional analysis indicates that technology stocks are strongly attracting capital, while cyclical sectors are facing profit-taking pressure. Despite the pressure on the cash flow index, cash flow assets with solid performance support will further highlight their cost-effectiveness. Industries such as shipping and home furnishings performed well, while sectors like electrical equipment and chemicals showed weakness

GF Fund CSI 800 Free Cash Flow ETF

Wanjia CSI 800 Free Cash Flow ETF

Harvest SZSE SME-ChiNext Composite 300 ETF

Fullgoal SSE Composite ETF

ChinaAMC CSI 300 ETF

E Fund CSI 300 ETF Initiating Fund

Huatai-PB CSI 300 ETF

Cash flow assets may be the preferred buffer against market fluctuations, and the Penghua All Share Cash Flow ETF (512130) is receiving significant attention

China Merchants CSI All Share Free Cash Flow ETF(563770.SH)

Geopolitical conflicts and high oil price disturbances still exist, focusing on the allocation opportunities of free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETFs ChinaAMC (560120)

Institution: Full A Free Cash Flow Rebounds! Low Rates 563770, 159119 Welcome Allocation Opportunities! Capital Expenditure Contraction Drives Cash Flow Recovery

What are the differences between the three all-market stock selection free cash flow indices?

Key points summary, what are the differences among the three free cash flow indices?

Institutions claim that Chinese assets possess a triple "safety premium," focusing on opportunities in free cash flow ETFs ChinaAMC (159201) and CSI 500 Cash Flow ETF ChinaAMC (560120)