London Stock Exchange ETF segment · UCITS ETF
Invest in AVEM ETF from India
Indian and foreign residents can buy Avantis Emerging Markets Equity UCITS ETF (AVEM) units directly through Paasa.
By Paasa · Updated
AVEM at a glance
- Price
- $32.11-$0.05 (0.14%)
- Expense ratio
- 0.35%
- Day range
- $32.10 – $32.44
- Assets
- $311.8M
- Domicile
- Ireland
- Holdings
- 2,910
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- -0.97%
- 6 months
- +19.84%
- YTD
- +19.75%
- 1 year
- +26.15%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1SAMSUNG ELECTR GDR REG S GDR5.9%
- 2TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.05.3%
- 3SK HYNIX INC COMMON STOCK KRW5000.05.2%
- 4TAIWAN SEMICONDUCTOR SP ADR ADR4.3%
- 5TENCENT HOLDINGS LTD COMMON STOCK HKD.000021.7%
- 6CHINA CONSTRUCTION BANK H COMMON STOCK CNY1.01.0%
- 7MEDIATEK INC COMMON STOCK TWD10.00.8%
- 8KB FINANCIAL GROUP INC ADR ADR0.7%
- 9FUBON FINANCIAL HOLDING CO COMMON STOCK TWD10.00.7%
- 10UNITED MICROELECTRONICS CORP COMMON STOCK TWD10.00.7%
AVEM holds 2,910 securities in total. These 10 are 26.3% of the fund.
Where the money is invested
Sectors
- Technology34.8%
- Financial Services21.9%
- Consumer Cyclical9.0%
- Industrials8.8%
- Basic Materials5.7%
- Communication Services5.7%
Countries
- Taiwan (Province of China)27.1%
- Korea (the Republic of)15.0%
- China14.9%
- India11.7%
- United States6.6%
- Brazil3.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| AVEMAMEXAvantis Emerging Markets Equity ETF | 0.33% | 28.5B |
Assets are shown in each fund's own reporting currency.
How to invest in AVEM 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.
Step 3
Search AVEM and buy
Find the fund by its ticker, AVEM, on the London Stock Exchange ETF segment, and place your order.
Why invest in AVEM from India
What AVEM holds
The Fund's primary aim is to achieve sustained long-term capital growth. It pursues this by actively managing a diversified portfolio, investing in both equity and equity-linked instruments.
Outside US estate tax
AVEM is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from AVEM's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
AVEM is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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.
Why AVEM's UCITS structure matters for Indian investors
AVEM is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy AVEM from India?
Yes. Indian residents can buy Avantis Emerging Markets Equity UCITS ETF (AVEM) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 AVEM invest in?
Avantis Emerging Markets Equity UCITS ETF holds 2,910 securities. Its largest holdings are SAMSUNG ELECTR GDR REG S GDR (5.9%), TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.0 (5.3%) and SK HYNIX INC COMMON STOCK KRW5000.0 (5.2%). Technology is its largest sector at 34.8%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of AVEM?
Avantis Emerging Markets Equity UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $311.8M.
Is AVEM a UCITS ETF, and why does that matter for Indian investors?
Yes. Avantis Emerging Markets Equity UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Does AVEM pay dividends?
No. Avantis Emerging Markets Equity UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell AVEM?
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 USD/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.