SIX Swiss Exchange · UCITS ETF
Invest in CMES ETF from India
Indian and foreign residents can buy iShares JP Morgan Advanced $ EM Bond UCITS ETF (CMES) units directly through Paasa.
By Paasa · Updated
CMES at a glance
- Price
- CHF 4.35+CHF 0.02 (0.35%)
- Expense ratio
- 0.5%
- Day range
- CHF 4.34 – CHF 4.36
- Assets
- CHF 359.5M
- Domicile
- Ireland
- Holdings
- 816
- Launched
- 2019
- Dividends
- —
- 1 month
- -3.25%
- 6 months
- -1.72%
- YTD
- -5.14%
- 1 year
- -3.25%
- 5 years
- -15.62%
Price change, excluding dividends.
Top 10 holdings
- 1ARGENTINA REPUBLIC OF GOVERNMENT 4.13% 07/09/2035 (ARGENT)1.2%
- 2URUGUAY (ORIENTAL REPUBLIC OF) 5.10% 06/18/2050 (URUGUA)0.8%
- 3ARGENTINA REPUBLIC OF GOVERNMENT 0.75% 07/09/2030 (ARGENT)0.7%
- 4ARGENTINA REPUBLIC OF GOVERNMENT 5.00% 01/09/2038 (ARGENT)0.7%
- 5GHANA (REPUBLIC OF) DISCO RegS 5.00% 07/03/2035 (GHANA)0.6%
- 6ECUADOR REPUBLIC OF (GOVERNMENT) RegS 6.90% 07/31/2035 (ECUA)0.6%
- 7ARGENTINA REPUBLIC OF GOVERNMENT 3.50% 07/09/2041 (ARGENT)0.6%
- 8URUGUAY (ORIENTAL REPUBLIC OF) 5.44% 02/14/2037 (URUGUA)0.5%
- 9URUGUAY (ORIENTAL REPUBLIC OF) 5.75% 10/28/2034 (URUGUA)0.5%
- 10URUGUAY (ORIENTAL REPUBLIC OF) 4.97% 04/20/2055 (URUGUA)0.5%
CMES holds 816 securities in total. These 10 are 6.7% of the fund.
Where the money is invested
Countries
- Other17.4%
- Poland4.7%
- Brazil3.7%
- Chile3.5%
- Uruguay3.5%
- Hungary3.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EMSALSEiShares JP Morgan Advanced $ EM Bond UCITS ETF | 0.45% | 1.3B |
| EMESLSEiShares JP Morgan Advanced $ EM Bond UCITS ETF | 0.45% | 486.2M |
Assets are shown in each fund's own reporting currency.
How to invest in CMES 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 CHF when you buy.
Step 3
Search CMES and buy
Find the fund by its ticker, CMES, on the SIX Swiss Exchange, and place your order.
Why invest in CMES from India
What CMES holds
The iShares J.P. Morgan ESG $ EM Bond UCITS ETF is designed to give investors access to the bond markets of developing nations, with its underlying assets primarily denominated in U.S. dollars, and crucially, it incorporates strict ESG (Environmental, Social, and Governance) criteria.
Outside US estate tax
CMES is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 CMES' UCITS structure matters for Indian investors
CMES is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy CMES from India?
Yes. Indian residents can buy iShares JP Morgan Advanced $ EM Bond UCITS ETF (CMES) through Paasa. It is listed on the SIX Swiss Exchange and trades in CHF. 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 CMES invest in?
iShares JP Morgan Advanced $ EM Bond UCITS ETF holds 816 securities. Its largest holdings are ARGENTINA REPUBLIC OF GOVERNMENT 4.13% 07/09/2035 (ARGENT) (1.2%), URUGUAY (ORIENTAL REPUBLIC OF) 5.10% 06/18/2050 (URUGUA) (0.8%) and ARGENTINA REPUBLIC OF GOVERNMENT 0.75% 07/09/2030 (ARGENT) (0.7%). The fund is domiciled in Ireland.
What is the expense ratio of CMES?
iShares JP Morgan Advanced $ EM Bond UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 359.5M.
Is CMES a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares JP Morgan Advanced $ EM Bond 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.
What tax do I pay in India when I sell CMES?
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 CHF/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.