Chinese mutual fund houses are cutting fees on their exchange-traded fund products, as they heeded authorities’ call to support the nation’s $10 trillion stock market.
Leading firms including China Asset Management Co. and E Fund Management Co. announced Tuesday that management fees for some of their equity ETFs will be lowered to 0.15% from around 0.5%, according to statements on their official websites. Custodian fees will be halved to 0.05%.
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