Core Viewpoint - The comprehensive fee reform in the public fund industry has been fully implemented, leading to a continuous trend of fee reductions among various funds to lower investment costs for investors and enhance their sense of returns [1][7]. Group 1: Fee Reductions Announced - Multiple funds have announced fee reductions, including Huaxia Fund, which lowered the management fee from 0.50% to 0.15% and the custody fee from 0.10% to 0.05%, achieving reductions of 70% and 50% respectively [3][5]. - Tianhong Fund reduced the management fee from 0.70% to 0.30% and the custody fee from 0.15% to 0.05%, with reductions of 57.1% and 66.7% respectively [5]. - Other funds, such as Guangfa and Huatai, have also announced similar fee reductions, with management fees dropping to as low as 0.15% and custody fees to 0.05% [6]. Group 2: Growth of Low-Fee Funds - As of January 1, the new regulations on public fund sales expenses have been implemented, marking the completion of a two-year fee reform process, resulting in an increase in low-fee funds [7]. - Currently, nearly 1,200 funds have annual management fees of 0.15% or lower, while over 2,400 funds have custody fees of 0.05% or lower, primarily consisting of stock index funds, bond funds, and money market funds [8]. - The management fees for public REITs generally range from 0.1% to 0.2%, with some products exceeding 0.5%, while custody fees can be as low as 0.01% [8]. Group 3: Industry Transformation - Industry experts believe that the public fund fee reform represents a systemic and structural reshaping of the industry ecosystem rather than a mere fee reduction [9]. - In the long term, this reform is expected to shift the industry focus from scale expansion to service enhancement, contributing to sustainable development within the industry [9].
多只基金官宣降费!低费率基金持续扩容
Zhong Guo Ji Jin Bao·2026-01-23 01:17