CICC Fortune is a well-known fund sales platform in China, and its on-site fund handling fee is one of the important factors affecting investors' investment income. When investors choose to buy funds, it is very important for them to know the composition of fund fees and charging standards for making investment plans and choosing appropriate fund products. This paper will introduce the general situation of fund expenses of CICC Wealth from five angles.
I. Composition of Fund Expenses
Fund expenses mainly include management fees, custody fees and sales service fees. Among them, the management fee is the fee required by the fund manager to manage the fund, which is generally calculated according to the net asset value of the fund; Custody fee is the fee required by the fund custodian to keep the fund assets, and is also calculated on the basis of the net asset value of the fund; The sales service fee refers to the expenses obtained by the fund sales organization in selling the fund.
Second, management fees.
Management fee is the fee required by the fund manager to manage the fund, which is generally calculated according to the net asset value of the fund, usually around 1%. Different types of funds have different management fees. For example, the management rate of stock funds is generally around 1.5%, while the management rate of money market funds is usually below 0. 1%.
Three. trustee fee
Custody fee is the fee required by the fund custodian to keep the fund assets, and it is also calculated based on the net asset value of the fund, usually around 0. 1%. Different types of funds have different custody fees. For example, the custody rate of stock funds is generally around 0.2%, while the custody rate of money market funds is generally low.
Four, the sales service charge standard
The sales service fee refers to the expenses obtained by the fund sales organization in selling the fund. CICC Fortune's fund sales service rate is generally around 1%, and the specific rate varies according to different fund sales organizations.
5. How should investors reduce fund fees?
Investors can reduce fund fees in the following ways:
1. Choose fund products with lower rates, such as index funds and ETFs;
2. Choose fund sales organizations with lower rates, such as Admiralty Fortune and Tian Hong Fund;
3. Pay attention to carefully read the prospectus and fund contract of the Fund before purchasing, understand the charging standard and amount of fund fees, and avoid affecting the investment income because of the cost problem;
4. Adjust the investment portfolio regularly to avoid excessive fund fees in the investment portfolio.
It is very important for investors to know the general situation of CICC wealth market fund fees for selecting suitable fund products and making investment plans. Investors should choose appropriate fund products according to their actual situation and risk tolerance, and pay attention to the collection standard and amount of fund fees to avoid the impact of investment income due to cost problems.