Yeah, i started to study to become a Certified Financial Advisor since the beginning of the year, and my plan is to be certified at the end of this dread year.
I don't understand it. How was this profit generated?
Are those FUNDS similar to idea of SMTs?
Like i said on the other answer, it is similar to 'traditional tradring', but instead of buying each coin, one by one, you set what is the proportion of the total value of the fund that will be alocated to each asset.
For example, if the fund have a balance of 1000 USD, and using the proportion i defined above, i would be as if i bought, at the moment i created the fund:
390 USD of ZEC
210 USD of COMP
80 USD of MCO
70 USD of LEND
(and so on).
So, the profit comes from the price of each asset, as the traditional trading, but instead of going through the trouble of buying coins to keep the asset proportion every time a new invesment is made, every operation happens automaticaly.
ps. what is KYDC ?
It's a typo. It should be KYC (Know your costumer), it's a general rule/law of traditional financial markets, where the brokers can only allow you do operate if you provide personal information.
"dread year"? :P
Yeah... stupid year... hope it dies soon...