Automatic DRP tracking for fractional purchases - Betashares
Hi, I have 10 ETfs on my betashare trader. All ETfs are set to automaticly reinvest dividends. Betashares reinvests didvidents as soon as they get paid out. Eg: If i get $4.15 dividend and the share costs $67,50. betashares buys fractional shares for the $4.15 and adds them to my share count. I just spoke to Navarre, he confirmed that you do not support this, he said: "Because Betashares is not CHESS sponsored, they are theoretically creating you a share in VAS for these fractional amounts. Thats not a use case we currently support for automatic DRP tracking." Can yo please add this feature that when betashares buys fractional share with the balance its added as reinvestment option in the system? This would be very helpfull and set you apart from sharesight. Thank you