Discounts and fee reductions! Multiple banks have taken action to pay attention to | wealth management products | banks
Recently, multiple banks have lowered deposit interest rates, which has increased the attention to wealth management products. During the visit, the reporter found that some banks have also introduced preferential measures for discounted wealth management fees, which has attracted many residents to come for consultation.
Ms. Xu Hui, who lives in Beijing, attaches great importance to financial management in her daily life. She told reporters that recently, many banks have lowered their deposit interest rates and she is looking for more cost-effective asset preservation methods than deposits. In order to attract wealth management customers, many banks have further launched discounts on reducing wealth management fees, which has made Xu Hui even more tempted.
During the visit, the reporter found that since June, several bank wealth management institutions, including Bank of China Wealth Management, Xingyin Wealth Management, and CMB Wealth Management, have successively lowered the rates of their multiple products. In the past two weeks, more than 30 bank wealth management products have announced rate adjustments.
Industry insiders say that reducing fees will increase the attractiveness of wealth management products, but investors should not consider fee rates as the only factor when choosing wealth management products.
Wang Yifeng, Chief Analyst of the Financial Industry at Everbright Securities: Investors should comprehensively examine the product characteristics and have a deep understanding of key factors such as risk level, investment period, and investment direction of the investment wealth management products they invest in.
The scale of public funds has reached a new historical high, and funds have launched a wave of "fee reduction"
The latest data released by the China Fund Industry Association shows that the overall size of public funds has reached 27.77 trillion yuan, setting a new historical high. Since the beginning of this year, several fund companies have also lowered various fees to attract investors.
According to data from Wande, since June, more than ten public fund companies have announced the reduction of various fees for their fund products, with several products having their fees lowered by more than 50%. In fund investment, the expenses borne by fund holders mainly include management fees, custody fees, transaction fees, sales and service fees, as well as transaction transaction fees.
The reporter noticed that most fund products that recently announced the reduction of management and custody fees are relatively small in scale, and there is still room for the overall reduction of fees in the public fund industry. Industry insiders believe that the rate reduction is the result of the fund industry's full marketization, which benefits holders and is also conducive to the long-term development of the industry.
