Big A's ** in the past two years, especially since the beginning of 2024, has not only caused heavy losses to more than 200 million shareholders, but also the people have not been spared.
Reflected in the market, it is the old ** facing redemption, and the new base cannot be issued.
As a result, reducing management costs has become a gimmick for new ** issuances.
Recently, another CSI 300 ETF officially announced a fee reduction:
The annual management fee rate of ICBC CSI 300 ETF is 045% to 015% and the annual rate of escrow fee is 01% to 005%。
It is reported that 12 broad-based ETFs have cut their fees.
Will ETF fee reductions be a reason for ***?
The loss of credibility will not be rebuilt overnight!
For the public offering**, on the one hand, the net value has shrunk sharply, and on the other hand, the people have to pay management fees for losses.
is like the ** manager Gülen who fell from the altar, who helped Jimin lose 23.4 billion yuan in ten years, but collected 3.3 billion management fees.
At the same time, in recent years, events such as high-level takeover and ETF refinancing have further lost credibility.
The recent popularity of CSI 300 ETFs is directly related to GDJ's "bailout".
For the recent explosion in trading volume of many CSI 300 ETFs, the net value is **, which is basically GDJ taking advantage of the CSI 300 ETF to "save the market".
It is not its ** business operation, operating ** profit and market value growth.
To put it more bluntly, if it weren't for GJD to enter the market, these ETFs might not be expanding at the same time**.
But the brothers know in their hearts that it is only an expedient measure to save the market, and once it stabilizes, these rescue funds will still be cashed, but sooner or later.
The management fee is not worth mentioning compared to the loss of the net value of ** itself.
Although the ** fee is reduced, these fees are nothing compared to the shrinkage of the **net worth!
If you continue to make a profit, you can pay more management fees.
However, if the ** continues to lose, the people will bear the net value loss while also paying management fees, which will naturally make them feel uncomfortable.
In fact, for the public offering**, the reduction of fees is only a stopgap measure.
It should be profitable to collect management purposes, and if you lose money, not only can you not charge, but you must also compensate investors.
As for whether to take over at a high level, whether ETF refinancing and other moths, self-discipline is also needed!