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投资利器再度升级!每年节省上千元,公募费率改革诚意满满
Sou Hu Cai Jing·2025-09-10 08:05

Core Viewpoint - The recent reform in the public fund industry aims to reduce costs for investors while enhancing service quality from fund companies, coinciding with the ETF market surpassing 5 trillion [1][5][11] Summary by Sections Regulatory Changes - The "Regulations on the Management of Sales Expenses for Publicly Raised Securities Investment Funds" was released for public consultation on September 5, marking a significant step in the fee reform process initiated in July 2023 [1][4] - This reform is structured in three phases, with the third phase being the final critical step to implement fee reductions across the public fund sector [4] Fee Reductions - Management fees for actively managed equity funds have been reduced from 1.5% to 1.2%, and custody fees from 0.25% to 0.2% [5][6] - Transaction commissions for actively managed public funds have decreased from 0.08% to 0.05%, while ETF transaction commissions have been lowered to 0.025% [6] - Sales fees have seen significant cuts, with equity fund subscription fees dropping from 1.5% to 0.8%, and mixed fund fees from 1.5% to 0.5% [6][7] Investor Benefits - An example calculation shows that a 10,000 yuan investment in a fund could save approximately 35 yuan annually due to reduced management and custody fees [6] - For a 100,000 yuan investment in actively managed equity or mixed funds, total savings could exceed 1,000 yuan annually, with the overall annual benefit to investors estimated to exceed 50 billion yuan [7][11] Market Response - The fee reduction has led to a surge in fund sales, with multiple funds being fully subscribed on their first day of issuance, indicating a positive market response [8][11] - As of September 8, 12 funds have announced early closure of their fundraising periods, reflecting strong investor interest [8] Industry Outlook - The fee reform is expected to lower investor costs and enhance their experience, contributing to the high-quality development of the fund industry [11]