--- title: "\"HALO\" assets strengthen, free cash flow ETF index (561870) favored in volatile market" type: "News" locale: "en" url: "https://longbridge.com/en/news/279531278.md" description: "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" datetime: "2026-03-18T04:04:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279531278.md) - [en](https://longbridge.com/en/news/279531278.md) - [zh-HK](https://longbridge.com/zh-HK/news/279531278.md) --- # "HALO" assets strengthen, free cash flow ETF index (561870) favored in volatile market Recently, as the market gradually shifts its focus, market volatility has intensified. The free cash flow strategy, represented by the CSI Cash Flow Index, has begun to show very strong performance resilience. Data shows that the CSI Cash Flow Total Return Index (932365CNY010) has returned 38.24% over the past year, outperforming the CSI 300 Total Return (18.98%), CSI A500 Total Return (24.25%), and other indices. Furthermore, looking at a longer time frame, the CSI Cash Flow Total Return Index has increased by 862.42% since the base date, with an annualized return exceeding 21% (data source: Wind, with the past year/base date intervals being 2025.3.17/2013.12.31-2026.3.17. The historical performance of related indices does not predict future performance and does not guarantee the future performance of related types of funds. Interval return rate (annualized) = \[(1 + interval return rate)^(250/number of trading days) - 1\] \* 100%). Li Xiaohua, the fund manager of the Harfor CSI All Share Free Cash Flow ETF (561870), stated that recently the "HALO" trading trend has swept from the US stock market to the A-share market. "HALO" assets, which are a category of equity assets characterized by heavy assets and low elimination attributes, typically do not attract much attention. However, with AI gradually empowering households to enhance infrastructure such as electricity and the global geopolitical situation leading to a reassessment of the value of physical assets, "HALO" assets in energy infrastructure, public utilities, non-ferrous metals, and basic chemicals have gained market attention due to their irreplaceability. "Searching for him thousands of times, that person is in the dim light," the CSI Cash Flow, as an "upgraded dividend index" with a long history of excellent performance, is also a gathering place for "HALO" assets. Currently, its heavily weighted sectors mainly include automobiles, transportation, non-ferrous metals, telecommunications, oil and petrochemicals, and home appliances, which align well with the positioning of "HALO" assets. The relevant stocks in these sectors can continuously generate stable cash flow due to their resource endowments or resource barriers. It is understood that the free cash flow ETF (561870) closely tracks the CSI Cash Flow Index, which selects 100 listed companies with high free cash flow rates from the A-share market as samples, aiming to reflect the overall performance of listed companies with strong cash flow generation capabilities. In the context of rising global uncertainty, companies with abundant cash flow typically exhibit higher operational resilience. This ETF broadly encompasses such cash flow-stable "HALO" assets, balancing defensive attributes with growth potential. Off-exchange investors can also conveniently participate through its feeder funds (Class A: 024770; Class C: 024771). It is worth mentioning that the CSI Cash Flow Index focuses on high free cash flow companies and adjusts its portfolio quarterly. The index completed its first-quarter adjustment in March 2026, removing 17 stocks and adding 18 stocks. This adjustment is characterized by a high sell-low buy strategy, with the industries experiencing the largest weight reductions being basic chemicals (-5.94%), oil and petrochemicals (-3.36%), non-ferrous metals (-3.1%), and electrical equipment (-2.91%). The industries with the largest weight increases are telecommunications (7.79%, telecom operators), computers (2.75%), and transportation (2.71%) The weight of the previously popular industries has decreased (1.53% for automobiles), while the weight of relatively promising industries has increased, reflecting the consistent discipline of the index's regular rebalancing ### Related Stocks - [563390.CN](https://longbridge.com/en/quote/563390.CN.md) - [563770.CN](https://longbridge.com/en/quote/563770.CN.md) - [561870.CN](https://longbridge.com/en/quote/561870.CN.md) ## Related News & Research - [Keep Your Portfolio Safe With This Low-Volatility ETF](https://longbridge.com/en/news/286604877.md) - [10X Fund Managers lists 1 million GLODIV ETF securities on JSE at R 20.26](https://longbridge.com/en/news/287065900.md) - [VanEck, Grayscale file fresh BNB ETF amendments as race for next altcoin spot ETF accelerates](https://longbridge.com/en/news/286652991.md) - [Retirees: Buy this ETF for long-term stability and high dividends](https://longbridge.com/en/news/286943591.md) - [AI-Proof Stocks? 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