---
title: "Penghua CSI All Share Free Cash Flow ETF closed in the red today, as the cash flow index positions itself at the cyclical revaluation windfall"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278851134.md"
description: "The All Share Free Cash Flow ETF Penghua rose by 0.57% today, while the CSI Cash Flow Index increased by 0.83%, outperforming the CSI 300 and the Shanghai Composite Index. Market funds are focusing on cash flow assets, with the aluminum, oil, and chemical sectors leading the gains. Aluminum prices have risen due to geopolitical factors and low inventory, while chemical stocks are strong, particularly in the carbon fiber sector. Institutional analysis suggests that as geopolitical situations and inflation expectations influence the market, the trend is shifting towards physical assets, with cash flow assets maintaining a solid position in a slow bull market"
datetime: "2026-03-12T08:54:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278851134.md)
  - [en](https://longbridge.com/en/news/278851134.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278851134.md)
---

# Penghua CSI All Share Free Cash Flow ETF closed in the red today, as the cash flow index positions itself at the cyclical revaluation windfall

Market volatility has increased, with funds focusing on cash flow assets. The CSI Cash Flow Index opened high today, surged and then retreated, stabilized and rebounded in the afternoon, maintaining a fluctuating upward trend throughout the day, closing up 0.83%, outperforming the CSI 300 (-0.36%) and the Shanghai Composite Index (-0.10%).

The leading sectors are mainly concentrated in aluminum, oil, and chemicals. Specifically: 1) Aluminum: Influenced by "geopolitical supply disruptions + AI computing power competing for electricity + low inventory," aluminum has recently shown an independent upward trend compared to other non-ferrous metals. 2) Chemicals: Chemical stocks continue to be strong, with carbon fiber leading the gains. On the evening of March 11, chemical futures continued to rise, with paraxylene futures hitting the daily limit, up 13%; PTA main contract reached the daily limit, up 13.01%; bottle chip main contract hit the daily limit, up 12%; PVC rose nearly 9%, and ethylene glycol rose over 7%.

Institutions point out that technology is yielding to the price increase chain, with physical assets taking the lead. The cash flow index is positioned at the forefront of the cyclical re-evaluation trend. As geopolitical situations and expectations of imported inflation continue to ferment, market trends are shifting towards physical price increases. Cash flow assets further solidify their foundational position in a slow bull market.

As of 15:00 on March 12, 2026, the CSI All Share Free Cash Flow Index (932365) rose 0.83%. The constituent stocks include Shenhuo Co., Ltd. up 6.02%, Aluminum Corporation of China up 5.73%, Yun Aluminum Co., Ltd. up 4.73%, China Merchants Jinling Shipyard up 4.61%, and Satellite Chemical up 4.19%. The All Share Cash Flow ETF Penghua (512130) rose 0.57%, with the latest price reported at 1.41 yuan.

The All Share Cash Flow ETF Penghua closely tracks the CSI All Share Free Cash Flow Index, which selects 100 listed companies with high free cash flow rates as index samples to reflect the overall performance of listed companies with strong cash flow creation capabilities.

Data shows that as of February 27, 2026, the top ten weighted stocks in the CSI All Share Free Cash Flow Index (932365) are China National Offshore Oil Corporation, SAIC Motor Corporation, Gree Electric Appliances, China COSCO Shipping Corporation, Aluminum Corporation of China, TCL Technology, Muyuan Foods, Chint Group, Baosteel, and Great Wall Motors, with the top ten weighted stocks accounting for a total of 50.26%.

All Share Cash Flow ETF Penghua (512130). Cash Flow ETF 800 Penghua (516460), off-market connection (A: 024655; C: 024656; I: 024657)

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