百亿元债券ETF再掀降费潮！年内规模暴增82％，机构抢筹“低波资产”

Core Viewpoint - The recent trend of lowering management and custody fees for bond ETFs reflects the competitive landscape and changing investor preferences in the bond market, particularly among institutional investors [3][5][6]. Group 1: Fee Reductions - On June 12, Haitong Fund announced a reduction in management and custody fees for its Shanghai Urban Investment Bond ETF, effective June 16, with management fees decreasing from 0.30% to 0.15% and custody fees from 0.1% to 0.07% [4]. - This ETF currently has a size of 149.11 billion yuan, marking it as one of the significant bond ETFs in the market [4]. - The fee reduction strategy aligns with a broader trend in the industry, as seen with Ping An Fund's similar actions earlier in the year [4][5]. Group 2: Market Growth and Trends - As of June 12, the total size of all bond ETFs in the market reached 3178.99 billion yuan, surpassing the 3000 billion yuan mark for the first time, with a year-to-date growth of 82.73% [7][8]. - The number of bond ETFs has increased significantly, with eight new ETFs launched this year, contributing to the emergence of ten bond ETFs with over 100 billion yuan in size [7][8]. - The growth in bond ETFs is attributed to the rising popularity of passive investment strategies, favorable market conditions, and increasing demand from institutional investors [8][9]. Group 3: Competitive Landscape - The bond ETF market is becoming increasingly competitive, with fee reductions signaling a potential price war among fund companies, which may lead to industry consolidation and improved management standards [6][5]. - Institutional investors, who hold a significant portion of bond ETFs, are particularly sensitive to fee changes, making fee reductions a crucial strategy for attracting and retaining these investors [5][6]. - The current low-interest-rate environment and the appeal of bond ETFs as a stable investment option are driving funds into this asset class, reinforcing its position as a key component of investment portfolios [9].