London Stock Exchange ETF segment · UCITS ETF
Invest in EMAD ETF from India
Indian and foreign residents can buy State Street SPDR MSCI EM Asia UCITS ETF Accum (EMAD) units directly through Paasa.
By Paasa · Updated
EMAD at a glance
- Price
- $130.90+$1.03 (0.79%)
- Expense ratio
- 0.55%
- Day range
- $130.66 – $131.27
- Assets
- $1.6B
- Domicile
- Ireland
- Holdings
- 817
- Launched
- 2011
- Dividends
- Accumulating
- 1 month
- +1.66%
- 6 months
- +24.80%
- YTD
- +28.31%
- 1 year
- +34.08%
- 5 years
- +54.78%
Price change, excluding dividends.
Top 10 holdings
- 1Taiwan Semiconductor Manufacturing Co. Ltd.2330.TW18.3%
- 2Samsung Electronics Co. Ltd.005930.KS9.4%
- 3SK hynix Inc.000660.KS7.2%
- 4Tencent Holdings Ltd0700.HK3.3%
- 5MediaTek Inc2454.TW2.3%
- 6Alibaba Group Holding Limited9988.HK2.2%
- 7Samsung Electronics Co Ltd Pfd Non-Voting005935.KS1.2%
- 8Delta Electronics Inc.2308.TW1.1%
- 9China Construction Bank Corporation Class H0939.HK1.0%
- 10Hon Hai Precision Industry Co. Ltd.2317.TW0.9%
EMAD holds 817 securities in total. These 10 are 47.0% of the fund.
Where the money is invested
Sectors
- Technology50.6%
- Financial Services14.9%
- Consumer Cyclical9.0%
- Industrials6.2%
- Communication Services6.2%
- Basic Materials3.6%
Countries
- Taiwan (Province of China)34.1%
- Korea (the Republic of)26.0%
- China20.9%
- India12.9%
- Hong Kong1.5%
- Thailand1.1%
How to invest in EMAD 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 EMAD and buy
Find the fund by its ticker, EMAD, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMAD from India
What EMAD holds
The objective of the Fund is to track the performance of stock markets in emerging markets in Asia.
Outside US estate tax
EMAD 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 EMAD'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
EMAD 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 EMAD's UCITS structure matters for Indian investors
EMAD 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 EMAD from India?
Yes. Indian residents can buy State Street SPDR MSCI EM Asia UCITS ETF Accum (EMAD) 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 EMAD invest in?
State Street SPDR MSCI EM Asia UCITS ETF Accum holds 817 securities. Its largest holdings are Taiwan Semiconductor Manufacturing Co. Ltd. (18.3%), Samsung Electronics Co. Ltd. (9.4%) and SK hynix Inc. (7.2%). Technology is its largest sector at 50.6%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of EMAD?
State Street SPDR MSCI EM Asia UCITS ETF Accum has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.6B.
Is EMAD a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI EM Asia UCITS ETF Accum 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 EMAD pay dividends?
No. State Street SPDR MSCI EM Asia UCITS ETF Accum 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 EMAD?
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.