Money market fund yields are generally declining. Industry insiders say that industry fee reductions are already a trend.

Against the background of a continuous decline in the yield of money market funds, many money market funds have frequently triggered the "fee reduction" clauses in their contracts. With the fluctuation of yield, the management fees of these products have been repeatedly adjusted under the mechanism specified in the contract. It is worth noting that, according to statistics, the comprehensive fee rate of money market funds held in the entire market is approaching 0.4%, and the high management fees of some products are eroding investors' returns. Many industry insiders predict that, affected by changes in the supply and demand of interbank deposits and policy interest rate cuts, the yield of money market funds will remain at low levels with narrow fluctuations for a considerable period of time. Faced with the ongoing low yield norm, reducing fees and benefiting clients has become a trend in the industry.