I'm using Scalable capital to invest in ETFs, without previous experience in the financial markets.
About half a year ago, I started putting a little bit of money in what is probably an obscure ETF, Amundi MSCI Eastern Europe ex Russia UCITS ETF EUR (C). It has a high nominal value, so I now own 0.375 parts of one share, worth 98 euro. Yesterday, I got an e-mail from Scalable capital, informing me that this ETF is no longer traded on the gettex exchange, so they are canceling my savings plan.
The e-mail was very short, I am reproducing it here in full (translated from German):
You have set up a savings plan on AMUNDI MSCI EASTERN EUROPE EX RUSSIA UCITS ETF - EUR (C) with ISIN LU1681043755. This security can no longer be traded via gettex and we cannot accept any further trading orders for this ISIN. Your savings plan was therefore automatically deactivated.
Log in now to choose another ETF or stock savings plan.
My investment still gets displayed in the SC app:
I wonder what are the consequences of this event for me, especially since I have read somewhere that the ownership of partial shares through SC is a kind of financial fiction. If I do nothing for a year and we assume that everything else stays equal (especially the ETF still not being available on gettex) will I still own 0.375 of a share, or 98 euro worth of a share at the course of the day, or something else? If, on the contrary, I decide to do something now, for example to sell my partial share so I get the 98 euro, how can I do that, since SC no longer trades these shares?