降费！降费！又有基金出手

Core Viewpoint - The gold stock ETF market is experiencing a fee reduction trend as competition intensifies, with Huaxia Fund leading the charge by lowering management and custody fees to attract investors [1][2]. Fee Reduction Details - Huaxia Fund announced a reduction in management fees from 0.50% to 0.15% and custody fees from 0.10% to 0.05% for its gold stock ETF and its linked fund, effective from May 15 [2][4]. - The comprehensive management fee for the gold stock ETF has decreased from 0.6% to 0.2%, aligning with the lowest fee rates in the current ETF market [2][4]. Market Performance - As of May 13, the total scale of six gold stock ETFs reached 4.762 billion, marking a 119.9% increase compared to the end of the previous year [1][5]. - The largest gold stock ETF, Yongying, has a scale of 3.858 billion, while Huaxia's gold stock ETF follows with 560 million [5]. Index Performance - The index tracked by the gold stock ETF has seen a year-to-date increase of 27.42%, reflecting strong performance in the gold mining sector [7][9]. - The index comprises 50 large-cap companies involved in gold mining, refining, and sales, with gold mining stocks accounting for over 80% of the index weight [7][8]. Industry Trends - The trend of fee reductions is not limited to gold stock ETFs; multiple ETFs across various categories, including equity and bond ETFs, have also announced fee cuts this year [10][11]. - The regulatory environment encourages lower financial service costs, prompting fund companies to respond to investor sensitivity towards fees, especially in volatile markets [11].