Guolian Cash Plus significantly reduces management fees

Golden Ten Data on August 9, today, Guolian Securities Asset Management announced that the management fee of Guolian Cash Profit will be adjusted to 0.25% from August 8, compared with 0.9% before the adjustment. The reporter noticed that this fee reduction is not the same as the previous collective reduction of management fees in the industry. Guolian Securities Asset Management said in the announcement that the reason for the adjustment is that it is stipulated in the contract that “if the seven-day annualized provisional rate of return calculated with a management fee of 0.90% is less than or equal to 2 times the Intrerest Rate of current deposits, the manager will adjust the management fee to 0.25%, and the risk of dropping the provisional net income per 10,000 collective plans is negative and triggers the risk of overdraft settlement by the sales agency, until such risks are eliminated, the manager can resume the management fee of 0.90%.” The above risk situation has occurred, so the management fee is adjusted to 0.25%. In addition to the fund, the reporter noted that there are dozens of money market funds with a 7-day Annual Percentage Rate below 1%, and a number of important money market funds with a 7-day Annual Percentage Rate that has also fallen below 1.5%. (per warp)