Hatch gives you access to full and fractional shares in individual companies and exchange-traded funds (ETFs) listed on the US share markets, specifically the NYSE and the Nasdaq.
There are some criteria in place to ensure the investments on offer are liquid (not sure what that means? Check our Jargon alert! below). The general rules that DriveWealth use to assess what shares to offer are:
- Share price needs to be above $1 USD
- For companies, the market capitalisations should be greater than $1 billion USD
- For ETFs, the net assets should be greater than $300 million USD
- Leveraged funds aren’t offered by default and requests to add them will be reviewed on a case-by-case basis
If there’s a share or ETF that you are keen on but can’t find in Hatch, feel free to request it even if it doesn’t 100% match the criteria above. DriveWealth reviews all requests and occasionally makes exceptions to these criteria.
Jargon alert! Liquidity describes how quickly an investment can be bought and sold. For example, a house is relatively illiquid because it takes time and effort to buy and sell, whereas shares on Hatch are considered liquid because when the US share markets are open, you can usually buy and sell them in real time (some shares are more liquid than others).