The size of gold-related ETFs has shrunk, with over a hundred funds reducing their management fee rates within the year.

Affected by multiple factors, the international gold price has been continuously declining recently, and has already given back all the gains for the year. At the same time, gold-related ETFs continue to experience outflows, with the overall size shrinking by nearly 37 billion yuan since the end of the first quarter. Industry insiders say that this round of gold adjustment is being driven by multiple factors, and in the short term, gold remains in a high-level volatile state, but the core logic supporting gold in the medium and long term remains unchanged. It is currently necessary to remain cautious, as the short-term risk window is not yet closed. In the context of "the long-term narrative remains unchanged" and "the short-term suppression has not disappeared," it is important to be patient, wait for clear signals, and adopt a more rational strategy. The public fund industry ecosystem is continuously improving. Recently, several fund companies have adjusted the risk levels of their products, clarifying the risk-return characteristics. At the same time, the wave of fund fee reductions is still ongoing, with over a hundred funds having reduced their management fees since the beginning of the year.