Should I have 'cash' sitting here or should it be reinvested automatically?

[icantwaitforsummer]

Hi all, quite new to investing so still learning.
But I put money into these two Vanguard ETFs.

But it says I have £30 cash sitting there. Why? I chose accumulating so I thought it would get automatically reinvested? Do I need to do something?

I believe as ETFs are actively traded on the market that you can only buy whole units. So if a unit of an ETF was £75 and you only have £30 in cash you would need to fund another £45 and probably do a manual investment.

If they are accumulation funds then any dividends from the underlying assets would be reinvested within the fund and you would simply see the value of the funds rise.

The cash will be the difference between the money you put in and the value of the funds you bought, almost certainly as pp says above because there wasn't enough to buy another whole unit.

Oh that makes sense, so if I put in another £100 it will be used to buy more.

So do you put in a set amount each month and sometimes it buys more shares and other times it doesn't?

So does this image show that the share is £230 so unless I put in enough money to purchase it at that price I can't buy it?

I don't know if that questions makes sense!

So I have £30 cash sitting there, if I add another £200 I can buy another share?

Depends on how your particular investment platform does things, but what you've described is fairly common with regular investment schemes.

Cross posted.

That second screenshot is the FTSE Global All Cap Index Fund. You can own fractions of a unit in this one - which is why it shows you own 2.4192 units. Most regular investment schemes will buy fractions of a unit to use up all your monthly contribution.

The ETF you have (the FTSE All World High Dividend one) can only be held in complete shares, as pp said.

As well as adding in more cash to buy more shares, you will also need to account for the trading fee and stamp duty (if applicable) on any purchase, and leave enough cash in to pay for any platform fees too.