NYSE Arca · ETF
Invest in BWX ETF from India
Indian and foreign residents can buy SPDR Bloomberg International Treasury Bond ETF (BWX) units directly through Paasa.
By Paasa · Updated
BWX at a glance
- Price
- $21.34+$0.10 (0.47%)
- Expense ratio
- 0.35%
- Day range
- $21.28 – $21.36
- Assets
- $1.3B
- Domicile
- the US
- Holdings
- 1,444
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -2.69%
- 6 months
- -2.11%
- YTD
- -5.41%
- 1 year
- -6.61%
- 5 years
- -26.36%
Price change, excluding dividends.
Top 10 holdings
- 1JAPAN (10 YEAR ISSUE) BONDS 03/28 0.10.3%
- 2JAPAN (10 YEAR ISSUE) BONDS 09/33 0.80.3%
- 3JAPAN (10 YEAR ISSUE) BONDS 06/30 0.10.3%
- 4REPUBLIC OF AUSTRIA SR UNSECURED 144A REGS 03/37 40.3%
- 5BELGIUM KINGDOM SR UNSECURED 144A REGS 03/35 50.3%
- 6JAPAN (10 YEAR ISSUE) BONDS 03/32 0.20.3%
- 7JAPAN (10 YEAR ISSUE) BONDS 03/31 0.10.3%
- 8JAPAN (10 YEAR ISSUE) BONDS 09/29 0.10.3%
- 9AUSTRALIAN GOVERNMENT SR UNSECURED REGS 11/28 2.750.3%
- 10JAPAN (10 YEAR ISSUE) BONDS 09/30 0.10.3%
BWX holds 1,444 securities in total. These 10 are 2.8% of the fund.
Where the money is invested
Countries
- Japan23.7%
- United Kingdom5.0%
- France4.9%
- China4.7%
- South Korea4.6%
- Italy4.6%
How to invest in BWX 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 BWX and buy
Find the fund by its ticker, BWX, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in BWX from India
What BWX holds
The SPDR Bloomberg International Treasury Bond ETF aims to replicate the price and yield performance of its benchmark, the Bloomberg Global Treasury ex-US Capped Index, before accounting for fees and expenses. This fund provides investors with access to fixed-rate government bonds from highly-rated nations outside the United States, denominated in their respective local currencies.
Hold a dollar asset
BWX 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one BWX unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy BWX from India?
Yes. Indian residents can buy SPDR Bloomberg International Treasury Bond ETF (BWX) through Paasa. It is listed on NYSE Arca 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 BWX invest in?
SPDR Bloomberg International Treasury Bond ETF holds 1,444 securities. Its largest holdings are JAPAN (10 YEAR ISSUE) BONDS 03/28 0.1 (0.3%), JAPAN (10 YEAR ISSUE) BONDS 09/33 0.8 (0.3%) and JAPAN (10 YEAR ISSUE) BONDS 06/30 0.1 (0.3%). It is a distributing fund domiciled in the US.
What is the expense ratio of BWX?
SPDR Bloomberg International Treasury Bond 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 $1.3B.
How are BWX dividends taxed in India?
SPDR Bloomberg International Treasury Bond 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 BWX?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.
Can I buy a fraction of one BWX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $21.34, and there is no minimum trade size.
What happens to my BWX units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.