The Shanghai Composite Index drops below 4,000 points again! The low-fee "HALO" ETFs 159119 and 159209 both attract funds during trading.

GateUser-bd883c58 · 2026-03-30T13:41:37+00:00

On March 20th, the A-shares market weakened but HALO assets were favored. Cash flow ETFs and dividend quality ETFs both declined slightly but experienced net capital inflows. HALO assets emphasize stable cash flow and low elimination risk, becoming the market's preferred safe haven, reflecting a shift in investment paradigm from chasing high growth to focusing on cash flow.

GateUser-bd883c58

2026-03-30 13:41:37

Abstract generation in progress

On March 20, the A-share market weakened again, and the Shanghai Composite Index once again fell below 4,000 points. However, HALO assets with strong cash flow and high-quality characteristics once again gained market favor. As of 14:40, the 800 cash flow ETF (159119) and the CSI Dividend and Quality ETF (159209) were down 0.54% and 0.65%, respectively; however, both ETFs saw net inflows of funds during the trading day!

Analysis notes that HALO is an abbreviation for “Heavy Assets, Low Obsolescence,” meaning “heavy assets with low obsolescence.” It is an asset allocation framework formally proposed by Goldman Sachs in February 2026. The core of this strategy is to invest in companies and industries that have tangible assets and are difficult to be disrupted by technology.

First, the core of HALO assets: cash flow rules. Companies that can continuously generate stable free cash flow are assigned a higher safety premium to their equity value. The 800 cash flow ETF focuses on the most authentic cash-generating ability of companies. The CSI Dividend and Quality ETF, on top of dividend return, adds stringent screening for earnings quality. Together, the two ETFs precisely capture the underlying logic of HALO assets from different dimensions.

Second, as risk-hedging sentiment heats up, HALO assets become a “safe haven.” External uncertainties remain in the near term, and market volatility has increased. Against this backdrop, HALO assets with low volatility and a high margin of safety naturally become an ideal “transit hub” and “safe haven” for funds exiting high-risk assets.

Third, the investment paradigm is undergoing a profound shift. The market is moving from “sector investing” that chases high-growth stories to “fundamental investing” anchored by cash flow. The continued fund inflows into the two ETFs are the most direct proof of this paradigm shift.

CSI Dividend and Quality ETF (159209) and 800 cash flow ETF (159119) have an annual fee rate of 0.2%.

Risk warning: Funds involve risk; invest with caution.

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