Financials Nov 27, 2021 07:49 PM (GMT+8) · EqualOcean
Cailian, November 27 (Xinhua) -- with the homogenization competition of fund products and the consideration of profit making investors, since the fourth quarter, a number of fund managers have successively announced the reduction of management rates. New public offering fof also has products with a minimum management rate of 0.3%, and the low rate funds in the public offering industry have been expanded again. Many industry insiders said that under the background of increasingly fierce homogenization competition of domestic public funds, reducing management fees can improve the attention and attraction of products in the short term. However, in the long run, the core is to continuously improve the company's investment and research ability and long-term performance, so as to improve the comprehensive competitiveness of products.