The landscape of public mutual funds is undergoing a significant transformation as the era of fee restructuring makes waves.Following the proactive adjustments from actively managed equity funds and Exchange-Traded Funds (ETFs),other financial instruments,including QDII (Qualified Domestic Institutional Investor) funds,are also stepping into the realm of reduced fees.In a recent announcement,ICBC Credit Suisse Fund Management revealed that five of its prominent QDII funds—ICBC Global Selected Equities,ICBC Hong Kong Small & Medium Cap,ICBC Global Equities,ICBC New Economy Mixed,and ICBC India Fund—will decrease management and custody fees starting from February 7,2025.The management fee will be unified at 1.20%,while the custody fee is set at 0.20%.This proactive move comes as a response to the evolving investment needs of a growing investor base and aims to lower their financial management costs.

Industry experts suggest that such fee reforms ultimately benefit fund investors,showcasing the mutual fund industry's commitment to implementing the newly introduced "National Nine Articles" policy,which advocates the gradual reduction of comprehensive fee levels across the sector.This strategic shift aligns with the industry's growing emphasis on prioritizing the interests of investors,further enhancing the public perception of mutual funds as vehicles for wealth creation and management.

The five funds under ICBC Credit Suisse embody a diverse range of QDII investments,spanning both mature and emerging markets.Among them are established powerhouses and innovative newcomers alike.For instance,ICBC Global Equities and ICBC Global Selected Equities were among the first QDII funds launched in China over 14 years ago.Their long-term operational record reflects a meticulous approach to asset allocation across various nations,leading to substantial returns for investors.According to their periodic reports,by the end of 2024,these funds reported a cumulative net asset value increase of 211.45% and 294.80%,respectively,yielding excess returns of 132.92% and 53.49%.In contrast,ICBC Hong Kong Small & Medium Cap Fund focuses on small to mid-cap Chinese concept stocks listed in Hong Kong,achieving a return of 24.30% since its inception—surpassing performance benchmarks by 20.25%.Moreover,the ICBC India Fund stands out as the country's pioneering fund concentrating on the Indian market.With its investments in overseas funds that track the Indian market,this fund has witnessed impressive net value increases of 23.55% and 51.79% over the past three and five years,respectively,accumulating a total return of 50.82% since its launch,thus providing investors with a valuable tool for diversifying their international investment portfolios.

The trend of fee reductions within the public mutual fund sector symbolizes a dedicated effort towards fostering inclusive finance.On July 8,2023,an overarching initiative to streamline mutual fund fee structures was introduced.With firms like ICBC Credit Suisse leading the way,there has been an industry-wide embrace of fee reductions.Experts believe that this fee reform will contribute positively to the industry by lowering the investment costs for investors,thereby encouraging medium- and long-term capital inflows,which signify the mutual fund sector's sense of responsibility.Furthermore,by lowering fees,the industry may also accelerate high-quality growth in product design and research services,ensuring that mutual funds focus more on elevating client services to meet growing expectations and enhance overall service satisfaction.

Since its inception,ICBC Credit Suisse Fund Management has consistently strived to uphold its mission of putting investors first.This commitment is reflected through various initiatives aimed at improving investor experiences and delivering tangible benefits.Noteworthy among these efforts,in 2024,the company responded to government policies by reducing trading commissions and management fees across multiple product lines,actively reallocating profits back to investors.Additionally,the firm has adopted an aggressive dividend policy which includes an innovative "dual dividend" mechanism for its popular A50 ETF,facilitating four major disbursements in 2024 alone.The China A500 ETF further pioneers the segment as the first of its kind to issue dividends,bolstering investor returns.ICBC Credit Suisse has also maintained ongoing engagement with investors,with its education base receiving recognition for excellence for six consecutive years.Initiatives like the "Elderly Care Pavilion" at the Service Trade Fair and the successful establishment of the investment education base in the Shengli Oilfield highlight the firm's dedication to enhancing investor understanding and promoting financial literacy.

Looking ahead,ICBC Credit Suisse Fund Management is unwavering in its commitment to fortifying its research and investment capabilities,innovating service models,and enriching the investment education ecosystem.With a focus on delivering a more specialized perspective,introducing diverse products,and providing superior services,the firm aims to meet the wealth management needs of residents effectively.This dedication not only aims to elevate investor satisfaction and trust but also reaffirms the inclination toward a holistic approach to resident wealth management that is rooted in professionalism and integrity.