London Stock Exchange ETF segment · UCITS ETF
Invest in CUSS ETF from India
Indian and foreign residents can buy iShares MSCI USA Small CTB Enhanced ESG UCITS ETF (CUSS) units directly through Paasa.
By Paasa · Updated
CUSS at a glance
- Price
- $668.90+$3.60 (0.54%)
- Expense ratio
- 0.43%
- Day range
- $667.80 – $670.96
- Assets
- $2.9B
- Domicile
- Ireland
- Holdings
- 1,538
- Launched
- 2009
- Dividends
- Accumulating
- 1 month
- -5.11%
- 6 months
- +13.03%
- YTD
- +12.19%
- 1 year
- +17.15%
- 5 years
- +35.76%
Price change, excluding dividends.
Top 10 holdings
- 1MODERNA1.1%
- 2DT MIDSTREAM0.5%
- 3US FOODS HOLDING0.5%
- 4ROYAL GOLD0.4%
- 5ASSURANT INC0.4%
- 6EAST WEST BANCORP0.4%
- 7WATTS WATER TECHNOLOGIES CLASS A0.4%
- 8FEDERAL REALTY INVESTMENT TRUST RE0.4%
- 9ANTERO MIDSTREAM0.4%
- 10GUARDANT HEALTH0.4%
CUSS holds 1,538 securities in total. These 10 are 4.9% of the fund.
Where the money is invested
Sectors
- Technology17.2%
- Industrials16.7%
- Healthcare15.7%
- Financial Services15.0%
- Consumer Cyclical10.2%
- Real Estate7.3%
Countries
- United States95.2%
- Bermuda1.2%
- Ireland1.0%
- United Kingdom0.6%
- Canada0.4%
- Switzerland0.4%
How to invest in CUSS 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 CUSS and buy
Find the fund by its ticker, CUSS, on the London Stock Exchange ETF segment, and place your order.
Why invest in CUSS from India
What CUSS holds
The fund's primary objective is to generate investment returns that mirror the performance of the MSCI USA Small Cap ESG Enhanced Focus CTB Index. A notable change occurred on June 1, 2022, when the fund's reference index was updated, moving from the MSCI USA Small Cap Index to the current MSCI USA Small Cap ESG Enhanced Focus CTB Index.
Outside US estate tax
CUSS 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 CUSS' 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
CUSS 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 CUSS' UCITS structure matters for Indian investors
CUSS 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 CUSS from India?
Yes. Indian residents can buy iShares MSCI USA Small CTB Enhanced ESG UCITS ETF (CUSS) 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 CUSS invest in?
iShares MSCI USA Small CTB Enhanced ESG UCITS ETF holds 1,538 securities. Its largest holdings are MODERNA (1.1%), DT MIDSTREAM (0.5%) and US FOODS HOLDING (0.5%). Technology is its largest sector at 17.2%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of CUSS?
iShares MSCI USA Small CTB Enhanced ESG UCITS ETF has an expense ratio of 0.43% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.9B.
Is CUSS a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI USA Small CTB Enhanced ESG 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 CUSS pay dividends?
No. iShares MSCI USA Small CTB Enhanced ESG 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 CUSS?
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.