Focus on HALO assets with abundant cash flows! Free cash flow strategy popular varieties cash flow ETF full index (563390) accumulated net inflows exceeding 2 billion yuan within the year

Since the beginning of the year, amid the complex and changing international geopolitical landscape, heavy-asset, high-barrier HALO assets have gradually become a popular direction for capital allocation. Among them, thanks to the high weighting of index component stocks in typical HALO assets such as oil and petrochemicals (11.20%), basic chemicals (11.06%), and non-ferrous metals (9.96%), the first cash flow ETF tracking the CSI Cash Flow Index, the All-Index (563390), has seen capital inflows on 40 out of 42 trading days this year, accumulating 2.142 billion yuan in funds, with trading enthusiasm significantly increasing.

With the accelerated influx of incremental funds, data from the exchanges show that as of March 11, 2026, the total net asset value and shares of the Cash Flow ETF All-Index (563390) have nearly achieved nine consecutive weeks of weekly growth, reaching 3.043 billion yuan and 2.106 billion shares respectively, both hitting record highs.

From a long-term allocation perspective, strategies based on the CSI Cash Flow Index or free cash flow are likely to receive multiple supports. On one hand, geopolitical factors such as conflicts in Israel and other regions have driven a temporary decline in global risk appetite. Value assets with solid fundamentals and abundant free cash flow may better meet investors’ demand for “certainty” in allocation. On the other hand, in recent years, capital expenditure by A-share listed companies has become more cautious, with operational focus gradually shifting from scale expansion to pursuing profit quality and cash flow stability. According to the disclosed 2025 annual reports of 57 listed companies, 37 companies have achieved double growth in net profit and revenue, accounting for over 60%.

It is reported that the Cash Flow ETF All-Index (563390) will closely track the CSI Cash Flow Index through full replication. The index introduces an innovative profit quality screening factor in its methodology, requiring selected stocks to have “positive cash flow from operating activities for five consecutive years” and “profit quality in the top 80% of samples,” aiming to select high-quality listed companies with strong cash flow generation ability.

Thanks to the stringent stock selection logic of the underlying index, historical performance also demonstrates the index’s strong long-term endurance. Wind data shows that since its base date (December 31, 2013), the CSI Cash Flow Total Return Index has gained 876.25%, with an annualized return of 21.21%, significantly outperforming the 300 Cash Flow Total Return and 500 Cash Flow Total Return indices, which achieved 16.13% and 16.37% annualized returns respectively during the same period. With its long-term value across cycles, it is expected to become another key core holding in asset portfolios.

The manager of the Cash Flow ETF All-Index (563390), Huatai-PineBridge, is one of the first ETF managers in China and among the earliest to develop dividend strategy ETFs. With over 19 years of deep operational management experience in Smart Beta strategies, Huatai-PineBridge has also launched a series of related products, including the first dividend low-volatility themed ETF—Dividend Low-Volatility ETF Huatai-PineBridge (512890), the first Smart Beta ETF—Dividend ETF Huatai-PineBridge (510880), and the first Hong Kong stock connect dividend ETF—Hong Kong Stock Connect Dividend ETF Huatai-PineBridge (513530), as well as the Hong Kong Stock Connect Dividend Low-Volatility ETF Huatai-PineBridge (520890), focusing on dividend low-volatility assets in Hong Kong stocks. As of March 11, 2026, the total scale of its dividend-related ETFs reached 52.395 billion yuan.

MACD golden cross signals have formed, and these stocks are on a good upward trend!