Cryptocurrency Q&A
Why do I pay management fees?
Why do I pay management fees?
Caterina
Fri Oct 18 2024
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7 answers
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I don't understand why I have to pay management fees. What are these fees for and why are they necessary? I want to know the reason behind these charges.
7 answers
Daniele
Sun Oct 20 2024
The MER is expressed as a percentage of the fund's total assets, providing investors with a clear understanding of the fund's operational efficiency.
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MysticEchoFirefly
Sun Oct 20 2024
Among its offerings, BTCC provides spot trading, enabling users to buy and sell cryptocurrencies at current market prices. Additionally, it facilitates futures trading, allowing investors to speculate on the future price movements of cryptocurrencies.
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Dario
Sun Oct 20 2024
A lower MER indicates that the fund is more cost-effective, as less of the fund's assets are consumed by management and operational expenses.
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InfinityVoyager
Sun Oct 20 2024
Conversely, a higher MER suggests that a larger portion of the fund's assets is allocated towards expenses, potentially impacting the fund's overall performance.
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SsangyongSpirit
Sun Oct 20 2024
Investment managers charge a management fee for overseeing the assets of a fund. This fee is a crucial aspect of the fund's operational expenses.
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