Core Viewpoint - The public fund industry is actively pursuing high-quality development by reducing investor costs and enhancing financial service offerings [1][2][3]. Group 1: Fee Reduction Initiatives - The majority of index funds in the market have a management fee rate of 0.5% and a custody fee rate of 0.1%, while Tianhong's ChiNext ETF has reduced its comprehensive annual fee rate to 0.2%, the lowest in the market [1]. - Tianhong Fund has lowered the fee rates of multiple products this year, including a reduction of 0.4% and 0.35% for Tianhong Global New Energy and Tianhong Global High-end Manufacturing, respectively [3]. Group 2: Fund Performance and Market Position - As of August 13, 2025, Tianhong's ChiNext ETF has a scale of 8.77 billion yuan, ranking third among similar products, with over 960,000 holders, the highest in the ChiNext index fund category [3][4]. - Tianhong Fund's equity index fund scale reached 115.1 billion yuan, ranking ninth in the industry, with 6.81 billion yuan in off-market index funds, ranking third [4]. Group 3: Market Trends and Valuation - The A-share market has shown strong performance, with the ChiNext index rising over 22% since June 23, 2024, benefiting from sectors like new energy, pharmaceuticals, and electronics [6]. - As of August 13, 2025, the ChiNext index's TTM price-to-earnings ratio is 35.73, in the 27.58% percentile over the past decade, indicating a valuation at the lower end compared to major broad-based indices [6][7]. Group 4: Future Outlook - The fund manager of Tianhong's ChiNext ETF anticipates significant potential upside, referencing historical bull markets where the ChiNext index increased over 100% [8]. - The current market position of the ChiNext index is favorable for long-term investment strategies, with a recommendation for investors to gradually build positions [8].

今年以来，天弘基金已经多次调降旗下产品费率。 Wind 数据显示，截至 2025 年 8 月 13 日，除天弘创业 板 ETF 及其联接基金以外，天弘基金旗下年内已有 7 只产品不同程度地参与了费率下调，涉及产品类型覆 盖 QDII 、指数基金，其中天弘全球新能源汽车、天弘全球高端制造综合年费率下调幅度分别为 0.4% 、 0.35% 。 公募基金践行高质量发展在路上。 继年初下调部分 QDII 基金费率、落地浮动费率产品后，天弘基金 15 日发布公告称，为更好地满足投资者 理财需求，自 8 月 15 日起将天弘创业板 ETF （ 159977 ）及其联接基金（ A 类： 001592 ； C 类： 001593 ）的管理费年费率均由 0.5% 调低至 0.15% ，托管费年费率均由 0.1% 调低至 0.05% 。 Wind 数据显示，截至 2025 年上半年，天弘基金权益指数基金规模达 1151 亿元，位居行业第九；其中， 场外指数基金规模 681 亿元，排名第三；权益 ETF 及联接基金规模 680 亿元，位列第十。 值得一提的是，截至 2024 年末，天弘基金旗下指数基金持有人超 1200 万户，居行 ...