On January 26th, as an important component of residents’ wealth management, the product fee level of public funds directly affects investors’ investment tendencies. Yesterday, top fund companies such as E Fund, Huaxia Fund, Jiashi Fund, and ICBC Credit Suisse Fund announced that they will lower the overall management fee for their QDII funds, which are qualified domestic institutional investor funds, to 1.2% and the custody fee to 0.2%. Industry insiders have introduced that the public funds involved in this fee reduction are different from the product types involved in previous rounds of fee reductions. Previously, active equity funds, index funds, and other funds have had batch fee reductions, and the products that have been reduced this time are mainly QDII funds investing in overseas markets. (CCTV Finance)
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