No. of Recommendations: 6
This is the first I have heard about fractional ownership of A shares.
Is it fairly common?
How do they get voted?
Can you sell a fraction of your fraction or does it have to be sold in the same size as the purchase?
My understanding is that it is becoming relatively common, and you can buy or sell whatever fractions you like, any time you like.
My main broker (Interactive Brokers) has fractional shares now, following several other US brokers.
As for voting, my guess is that you don't get any, but that's just a guess.
Quite handy for creating your own "index fund", for someone who wanted to buy (say) all the Nasdaq 100 companies except the Chinese the VIE ones.
Several brokers offer not just fractional shares, but also "one button" rebalancing to whatever weights you like.
Jim
