UBS MSCI Canada UCITS ETF CAD dis
UBS MSCI Canada UCITS ETF dis (LSE: UB23) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £49.05 (about ₹6,233 a unit) as of 30 Sep 2026, 4:07 AM ET. It has an expense ratio of 0.33% and holds 86 securities. Indian residents can buy UB23 through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£49.05
Today's high
£49.05
52 week low
£41.00
52 week high
£78.29
UB23 opened at £49.05, closed previously at £48.81, and has traded between £41.00 and £78.29 over the past 52 weeks.
About
The fund's portfolio is primarily composed of stocks included in the MSCI Canada Index, with the allocation of assets to individual companies closely mirroring their weightings within this benchmark. Its fundamental objective is to precisely replicate the total return and price performance of the MSCI Canada Index, net of all associated costs. It's worth noting that the fund's market trading price may diverge from its net asset value, as this investment operates under a passive management approach.
Key statistics
Expense ratio
0.33%
Assets (AUM)
£1.8B
Holdings
86
NAV
£4,930.18
Avg. volume
—
1-year price change
+18.92%
5-year price change
+64.44%
Price change excludes dividends.
Top 10 holdings
UB23 holds 86 securities in total. These 10 are 44.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy UB23 from India
Indian residents can buy UB23 units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to GBP when you buy.
Search UB23 and buy
Find the fund by its ticker, UB23, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in UB23 from India
Trading and taxes when buying UB23 from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the UB23 price today?
UBS MSCI Canada UCITS ETF dis (UB23) last traded at £49.05 on the London Stock Exchange ETF segment, as of 30 Sep 2026, 4:07 AM ET. That is ₹6,233 a unit at the 29 Sep 2026 GBP/INR rate.
When does UB23 trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is UB23, and what does it cost to hold?
UBS MSCI Canada UCITS ETF dis manages about £1.8B. Its expense ratio is 0.33% a year, deducted inside the fund. It launched in 2009.
Is UB23 a UCITS ETF?
Yes. UBS MSCI Canada UCITS ETF dis is a UCITS fund domiciled in Luxembourg, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in GBP.
What are UB23's largest holdings?
The top three are ROYAL BANK OF CANADA (9.1%), TORONTO-DOMINION BANK (6.5%) and SHOPIFY INC - CLASS A (5.7%). UB23's 10 largest positions make up 44.7% of the fund.
Is UB23 subject to US estate tax?
No. Because UB23 is domiciled in Luxembourg rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
Is UB23 accumulating or distributing?
Distributing. It pays dividends out to you in cash, taxed at your slab rate in India.
How are gains on UB23 taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has UB23 performed?
UB23's price is up 18.9% over the past year and up 64.4% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is UB23 different from a US-listed ETF?
UB23 is domiciled in Luxembourg rather than the US, which keeps it outside US estate tax. Capital gains on both are taxed the same way in India.