Golden Ten Data reported on May 14 that after the first batch of gold ETF fee reductions in 2024, another gold ETF has recently joined the fee reduction team. Starting from May 15, ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Equity ETF and feeder funds will reduce the management fee fee and custody fee rate to the lowest rate level of similar products in the whole market, that is, 0.15% and 0.05%, and the current fee rate of 20% ETF has been reduced to this level. Since the beginning of the year, more than 80 funds have successively reduced fees, including active equity funds, ETFs, bond funds, etc. It is pointed out that the reduction of management fees and custody fees of ETFs can enhance the market attractiveness of products, and the transaction costs of investors will also be reduced, and the competitive advantage will be more obvious compared with the same variety of products.