Each year can save investors 5 billion! Multiple giants' broad-based stock ETFs collectively reduce fees

Proactively, public funds collectively announced a reduction in fees for large broad-based stock ETFs. Today, many fund managers such as Huaxia, Huatai Bairui, Yifangda, Jiashi, Nanfang, and Huaan have announced on their official websites that they will lower the management fees and custodian fees for their large broad-based stock ETFs. This includes 6 stock ETFs with a total size of over one trillion yuan, with Huatai Bairui's Shanghai and Shenzhen 300 ETF alone close to 400 billion yuan. The total size of these stock ETFs exceeds 1.3 trillion yuan, covering core broad-based indexes such as the Shanghai and Shenzhen 300, SSE 50, CSI 500, CSI 1000, and STAR 50. According to the announcements, the management fees and custodian fees for the above stock ETFs have both been reduced. The annual management fee has been reduced from 0.5% to 0.15%, and the annual custodian fee has been reduced from 0.1% to 0.05%. Industry insiders point out that based on the current size, this reduction could reduce holding costs for investors by about 5 billion yuan per year. Also today, Wu Qing, Chairman of the China Securities Regulatory Commission, stated at the 3rd International Financial Leaders Investment Summit that the CSRC is steadily advancing the reform of fees in the public fund industry, and vigorously developing equity funds, especially index funds. The scale of equity ETFs has already exceeded 2 trillion yuan and 3 trillion yuan respectively this year, showing very good development momentum. The proactive actions of various fund companies are expected to further promote the current positive trend. Overall, more than 30 stock ETFs have reduced fees this year, with many management and custodian fees reduced to the market's lowest levels of 0.15% and 0.05%, respectively. However, the previously reduced products had smaller scale volumes, usually not exceeding 10 billion yuan. Large stock ETFs enter the era of "0.15% + 0.05%" low fee rates The proactive fee reduction by funds is an important measure to implement the new regulations and guidelines aimed at promoting the development of equity public funds, steadily reducing the comprehensive fees of the public fund industry, and promoting the development of index investment. It is also a significant manifestation of the public fund industry's value orientation of prioritizing the interests of investors. After this round of fee reductions, ETFs from major companies such as Huaxia and Yifangda have basically been reduced to the level of 0.15%, and the management fees and custodian fees for large broad-based stock ETFs will enter the "0.15% + 0.05%" low fee rate model. In terms of the effect of fee reductions, these reductions in fees for large broad-based stock ETFs will significantly reduce holding costs for investors. This is of great significance for promoting the long-term sustainable development of stock ETFs and is beneficial for further leveraging the asset allocation function of large broad-based stock ETFs, creating more convenient conditions for various medium and long-term funds to enter the market through stock ETFs, especially broad-based stock ETFs.Good choice.The third quarter report of the Southern CSI 500 ETF mentioned that in the process of China gradually transitioning to innovation-driven development, the CSI 500 Index not only benefits from the government's support for the technology innovation sector and the rapid growth dividend of the new economy industry itself, but also can enjoy the competitive advantage of leading companies in various segmented industries under economic transformation and concentration upgrading. This article is reprinted from Caijing.com, edited by GMTEight: Li Fo.