NYSE Arca · ETF
Invest in CWB ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg Convertible Securities ETF (CWB) units directly through Paasa.
By Paasa · Updated
CWB at a glance
- Price
- $93.84+$1.50 (1.62%)
- Expense ratio
- 0.4%
- Day range
- $93.46 – $94.29
- Assets
- $4.8B
- Domicile
- the US
- Holdings
- 383
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -7.01%
- 6 months
- -11.47%
- YTD
- +4.69%
- 1 year
- +2.09%
- 5 years
- +5.51%
Price change, excluding dividends.
Top 10 holdings
- 1META PLATFORMS INC3.3%
- 2ALPHABET INC2.1%
- 3ALPHABET INC2.1%
- 4BOEING CO/THE1.6%
- 5ALIBABA GROUP HOLDING SR UNSECURED 06/31 0.51.5%
- 6MODERNA INC SR UNSECURED 144A 03/32 0.00001.1%
- 7WELLS FARGO + COMPANY1.1%
- 8LUMENTUM HOLDINGS INC SR UNSECURED 03/32 0.3751.0%
- 9ORACLE CORP1.0%
- 10SUPER MICRO COMPUTER INC0.9%
CWB holds 383 securities in total. These 10 are 15.8% of the fund.
Where the money is invested
Sectors
- Technology5.1%
- Communication Services4.2%
- Financial Services2.0%
- Utilities1.3%
- Healthcare0.3%
- Industrials0.1%
Countries
- United States87.0%
- Netherlands3.0%
- China2.8%
- Other1.9%
- Israel1.3%
- Bermuda0.9%
How to invest in CWB 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 CWB and buy
Find the fund by its ticker, CWB, 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 CWB from India
What CWB holds
The State Street SPDR Bloomberg Convertible Securities ETF aims to mirror the price and yield performance of the Bloomberg US Convertible Liquid Bond Index, before accounting for its fees and expenses. This fund provides investors with focused access to the U.S. market for convertible securities, specifically targeting those with an initial offering of at least $350 million and a minimum of $250 million still outstanding.
Hold a dollar asset
CWB 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 CWB 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 CWB from India?
Yes. Indian residents can buy State Street SPDR Bloomberg Convertible Securities ETF (CWB) 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 CWB invest in?
State Street SPDR Bloomberg Convertible Securities ETF holds 383 securities. Its largest holdings are META PLATFORMS INC (3.3%), ALPHABET INC (2.1%) and ALPHABET INC (2.1%). Technology is its largest sector at 5.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of CWB?
State Street SPDR Bloomberg Convertible Securities ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $4.8B.
How are CWB dividends taxed in India?
State Street SPDR Bloomberg Convertible Securities 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 CWB?
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 CWB unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $93.84, and there is no minimum trade size.
What happens to my CWB 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.