Funds pouring in actively! Southern Funds' Free Cash Flow ETF Southern (159232) surges over 1%, receiving net subscriptions again yesterday

NightAirdropper · 2026-03-13T00:19:36+00:00

Free Cash Flow ETF Southern (159232) has recently seen gains and attracted net capital inflows. Huachuang Securities points out that A-share enterprises place greater emphasis on earnings quality and cash flow stability. Cash flow strategies focus on corporate dividend capacity and are expected to continue delivering excess returns. This ETF tracks the CSI All-Cap Free Cash Flow Index, selecting companies with high free cash flow ratios, with major holdings including CNOOC and SAIC Motor.

NightAirdropper

2026-03-13 00:19:36

Abstract generation in progress

As of March 12, 2026, 10:39 AM, the Southern Free Cash Flow ETF (159232) temporarily rose over 1%, now up 0.84%, with a turnover rate of 3.05% during the trading session, and a transaction volume of 113 million yuan. The tracking index, the CSI All Share Free Cash Flow Index (932365), increased by 0.91%.

As of March 11, the Southern Free Cash Flow ETF (159232) has experienced net capital inflows for two consecutive days, with the latest single-day net subscription of 770 million yuan.

Huachuang Securities believes that in recent years, A-share companies have become more cautious in capital expenditure, shifting their focus from scale expansion to profitability quality and cash flow stability. As a result, profit distribution models have changed, allowing more free cash flow to be retained and allocated.

Compared to dividend strategies, cash flow strategies focus on the stability of a company’s profitability and the sustainability of cash quality, paying attention to the company’s potential future dividend-paying ability. This is reflected in indicators that capture changes in EBIT (economic cycle). Western Securities believes that the current “anti-involution + cross-border capital return” is restoring companies’ free cash flow. Cash flow strategies can more sensitively detect improvements in corporate profitability and are expected to continue generating excess returns.

The Southern Free Cash Flow ETF (159232) closely tracks the CSI All Share Free Cash Flow Index, which selects 100 listed companies with high free cash flow rates as the index sample, reflecting the overall performance of companies with strong cash flow creation ability. The top ten holdings by weight are China National Offshore Oil Corporation, SAIC Motor, Gree Electric Appliances, COSCO SHIPPING Holdings, Aluminum Corporation of China, TCL Technology, Muyuan Foods, Chint Electric, Baosteel, and Great Wall Motors.

The Southern Free Cash Flow ETF (159232) has off-market connection options (Type A: 025958; Type C: 025959).

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