Continuous fee reduction! Another gold ETF has lowered its fee to the minimum rate level.

Jin10 data reported on May 14, regarding the first batch of gold ETFs fee reduction in 2024, recently, another gold ETF has joined the fee reduction team. Starting from May 15, the Huaxia CSI Hong Kong and Shanghai Gold Industry Stock ETF and its connecting fund will lower the management fee rate and custody fee rate to the lowest rate level of similar products in the entire market, which is 0.15% and 0.05%. Currently, 20% of ETFs have lowered their rates to this level. Since the beginning of the year, more than 80 funds have consecutively reduced their fees, including actively managed equity funds, ETFs, bond funds, etc. Some opinions point out that the reduction of management and custody fees for ETFs can enhance the market attractiveness of the products, and investors’ transaction costs also decrease. Compared to similar products, the competitive advantage will be more evident.