The popularity and trading volume of HomiEx ETFs have increased drastically since the improvement that was made on 1st February this year.
We've received positive feedback from our users pertaining to the marginal management fee for all ETFs at the rate of 0.01% for mainstream currency and 0.05% for non-mainstream currency.
Recently, the derivatives market has been extremely volatile. HomiEx has subsidized the management fee due to higher funding costs on the ETF positions. In addition, the rate of the management fee for mainstream and non-mainstream currencies has caused users to questioned and led to an increase of workload to our customer service team.
HomiEx will standardize the rate of the management fee to 0.1% of the position for all ETFs at 0:00 25 February 2021 (UTC+8). The adjustment has no direct impact on the active ETF positions. The management fee is fixed at 0.1% daily and will be reflected in the net value of the ETF.
Risk Warning: Investing in cryptocurrency is akin to be a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. HomiEx attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. HomiEx is not liable for investment gains or losses.