The CSI Cash Flow Index opened slightly higher today before quickly plunging. Although there was a brief recovery during the day, it weakened again in the afternoon, ultimately closing down 1.23%. The 800 Cash Flow Index fell 1.20%. Both underperformed the CSI 300 (+0.05%) and the Shanghai Composite Index (-0.26%).
Institutions pointed out that today's A-shares rebounded after hitting a low, showcasing an extreme &#34;seesaw&#34; switch. Technology themes represented by semiconductors and memory chips attracted strong capital, while cyclical sectors such as non-ferrous metals, coal, and large infrastructure faced concentrated profit-taking. Under the style suppression of &#34;cyclical retreat, growth counterattack,&#34; the cash flow index heavily invested in resources and value was significantly pressured. However, as high-level floating capital in cyclical stocks is cleared, cash flow assets with solid capital generation capabilities and strong performance support will further highlight their cost-effectiveness, remaining a preferred buffer against market rotations.
In terms of leading sectors, they are mainly distributed in the shipping sector, with scattered distributions in home furnishings, forestry, and motorcycles. Specifically: 1) Shipping: Since the escalation of the Middle East situation in late February led to the closure of the Strait of Hormuz, container freight diversion has surged by over 360%, with rising fuel prices driving freight rates up. 2) Home Furnishings: Expectations for real estate policies are warming, and the home furnishings sector is in a bottoming phase, with valuations possibly entering a repair cycle.
The sectors that lagged were mainly in electrical equipment, chemicals, and non-ferrous metals, reflecting a decline in capital attention due to a lack of new catalytic backgrounds and adjustments in previously hot sectors.
As of 15:00 on March 16, 2026, the components of the CSI All Share Free Cash Flow Index (932365) showed mixed performance, with China Merchants Energy leading up 10.07%, Yaxing Integration up 10.00%, and Oppein Home up 5.01%; Hengdian East Magnetic led the decline down 8.32%, CITIC Special Steel down 6.21%, and Chint Electric down 6.13%. The latest quote for the All Share Cash Flow ETF Penghua (512130) is 1.37 yuan.
In terms of liquidity, the All Share Cash Flow ETF Penghua had a turnover of 1.22% during the day, with a transaction volume of 334,900 yuan. Looking at a longer time frame, as of March 16, the average daily transaction volume of the All Share Cash Flow ETF Penghua over the past year was 2.9401 million 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 generation 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, COSCO Shipping Holdings, Aluminum Corporation of China, TCL Technology, Muyuan Foods, Chint Electric, Baosteel, and Great Wall Motors, with the top ten weighted stocks accounting for a total of 50.26%

563830

159229

516460

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

腾讯新闻 - 财经

Bosera CSI All Share Free Cash Flow Index Exchange Traded Fund

GF Fund CSI 800 Free Cash Flow ETF

Penghua CSI 800 Free Cash Flow ETF

BOC CSI All Share Free Cash Flow ETF

Wanjia CSI 800 Free Cash Flow ETF

China Merchants CSI All Share Free Cash Flow ETF

China Merchants CSI 800 Free Cash Flow ETF

Harvest SZSE SME-ChiNext Composite 300 ETF

Fullgoal SSE Composite ETF

ChinaAMC CSI 300 ETF

Penghua CSI All Share Free Cash Flow ETF

E Fund CSI 300 ETF Initiating Fund

CS CASH FLOW ETF

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