Chinese language mutual fund homes slicing exchange-traded fund (ETF) charges

Bloomberg (gated) with the information – briefly:

• Chinese language mutual fund firms, together with China Asset Administration Co. and E Fund Administration Co., are slicing administration charges on fairness ETFs from zero.5% to zero.15% and halving custodian charges to zero.05%.

• The charge cuts align with calls from Chinese language authorities to assist the inventory market

• Bloomberg analyst suggests the “nationwide workforce” (state-backed funds managing $92 billion in ETF investments this yr) might have pushed the charge discount.

Mainland and Hong Kong index replace:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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