Why is the handling fee of Alipay Fund so high?
Alipay funds are mainly open-end funds, and we all know that it is convenient for open-end funds to purchase and redeem. But this only refers to the convenience for investors. For fund managers, frequent purchase and redemption will affect the implementation of their investment strategies. Fund managers are different from short-term investors, and their investment strategies are mainly medium-and long-term investments. Raising the handling fee can curb short-term speculation and encourage long-term investment.
If you want to buy a fund with a low fee, then Bian Xiao suggests that you can invest in an on-site fund. The transaction cost of the floor fund is generally the same as that of the stock, but the purchase of the floor fund requires opening a securities account first.