Group 1 - The core viewpoint of the article highlights the trend of decreasing ETF custody fees in the public fund industry, with Jia Shi Fund announcing a reduction in custody fees for specific ETFs from 0.10% to 0.05% [1] - As of December 5, the number of ETFs with the lowest custody fee of 0.05% has increased from 1286 at the beginning of the year to 1793, representing a growth of 507 ETFs [1] - The competitive landscape of the ETF market, with over 5800 ETFs and a total scale exceeding 5.5 trillion yuan, has made fee reduction a key strategy for institutions to differentiate themselves [1] Group 2 - The reduction in custody fees is seen as a response to the competitive pressures in the ETF market, where management and custody fees significantly impact the overall fee structure and tracking accuracy of ETFs [2] - The average custody fee across the market has decreased from 0.1393% to 0.1344%, while the average management fee has dropped from 0.7139% to 0.6899% as of December 5 [2] - The introduction of floating fee products, with 58 new floating management fee funds this year, indicates innovation in fee mechanisms within the industry [2] Group 3 - Lower fees are expected to directly reduce investor costs and enhance the attractiveness and competitiveness of products, reflecting the public fund industry's alignment with the trend of fee reduction and prioritizing investor interests [3]