Another fee reduction! The fee rate of the Fuguo Shanghai Gold ETF has been lowered to the lowest tier.

Jinshi data news on November 14th, Fuguo Fund announced that starting from November 19th, it will reduce the management fee and custody fee of the Fuguo Shanghai Gold ETF and its feeder funds. The annual management fee rate will drop from 0.5% to 0.15%, and the custody fee rate will drop from 0.1% to 0.05%. According to Wind data, the 0.15% annual management fee rate and 0.05% custody fee rate are the lowest fee levels in the ETF market. As of the time of writing, there are already more than 180 ETFs in the market implementing this fee rate, accounting for less than 20% of the total number of ETFs in the market. The highest annual management fee rate for ETFs in the market can reach 1%, and the highest custody fee rate is 0.25%.