Hong Kong Stock Exchange · ETF
Invest in 3010 ETF from India
Indian and foreign residents can buy iShares Core MSCI Asia ex Japan ETF (3010) units directly through Paasa.
By Paasa · Updated
3010 at a glance
- Price
- HK$90.40+HK$0.48 (0.53%)
- Expense ratio
- 0.28%
- Day range
- HK$90.18 – HK$90.56
- Assets
- HK$36.6B
- Domicile
- Hong Kong
- Holdings
- 967
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -0.07%
- 6 months
- +26.12%
- YTD
- +27.40%
- 1 year
- +30.82%
- 5 years
- +42.14%
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCTOR MANUFACTURING17.3%
- 2SAMSUNG ELECTRONICS LTD8.3%
- 3SK HYNIX6.5%
- 4TENCENT HOLDINGS3.1%
- 5MEDIATEK2.2%
- 6ALIBABA GROUP HOLDING2.1%
- 7DBS GROUP HOLDINGS LTD1.1%
- 8SAMSUNG ELECTRONICS NON VOTING PRE1.1%
- 9DELTA ELECTRONICS1.1%
- 10CHINA CONSTRUCTION BANK CORP H0.9%
3010 holds 967 securities in total. These 10 are 43.6% of the fund.
Where the money is invested
Sectors
- Technology47.2%
- Financial Services17.8%
- Consumer Cyclical8.7%
- Industrials6.9%
- Communication Services6.0%
- Basic Materials3.3%
Countries
- Taiwan (Province of China)32.1%
- Korea (the Republic of)23.7%
- China19.6%
- India11.9%
- Hong Kong4.9%
- Singapore3.8%
How to invest in 3010 from India
Step 1
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.
Step 2
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 HKD when you buy.
Step 3
Search 3010 and buy
Find the fund by its ticker, 3010, on the Hong Kong Stock Exchange, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in 3010 from India
What 3010 holds
The iShares Core MSCI AC Asia ex Japan Index ETF endeavors to match the returns of a benchmark that invests in Asian company stocks, specifically excluding Japan.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy 3010 from India?
Yes. Indian residents can buy iShares Core MSCI Asia ex Japan ETF (3010) through Paasa. It is listed on the Hong Kong Stock Exchange and trades in HKD. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does 3010 invest in?
iShares Core MSCI Asia ex Japan ETF holds 967 securities. Its largest holdings are TAIWAN SEMICONDUCTOR MANUFACTURING (17.3%), SAMSUNG ELECTRONICS LTD (8.3%) and SK HYNIX (6.5%). Technology is its largest sector at 47.2%. It is a distributing fund domiciled in Hong Kong.
What is the expense ratio of 3010?
iShares Core MSCI Asia ex Japan ETF has an expense ratio of 0.28% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$36.6B.
How are 3010 dividends taxed in India?
iShares Core MSCI Asia ex Japan ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell 3010?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the HKD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a single 3010 unit?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$90.40 a unit, size the order by the lot.