SIX Swiss Exchange · UCITS ETF
Invest in EMBC ETF from India
Indian and foreign residents can buy iShares J.P. Morgan $ EM Bond UCITS ETF (EMBC) units directly through Paasa.
By Paasa · Updated
EMBC at a glance
- Price
- CHF 2.76+CHF 0.02 (0.73%)
- Expense ratio
- 0.5%
- Day range
- CHF 2.75 – CHF 2.76
- Assets
- CHF 298.2M
- Domicile
- Ireland
- Holdings
- 613
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -3.84%
- 6 months
- -4.18%
- YTD
- -9.22%
- 1 year
- -8.62%
- 5 years
- -34.14%
Price change, excluding dividends.
Top 10 holdings
- 1CHF CASH1.9%
- 2ARGENTINA REPUBLIC OF GOVERNMENT 4.13% 07/09/2035 (ARGENT)1.2%
- 3ECUADOR REPUBLIC OF (GOVERNMENT) RegS 6.90% 07/31/2035 (ECUA)0.8%
- 4ARGENTINA REPUBLIC OF GOVERNMENT 5.00% 01/09/2038 (ARGENT)0.7%
- 5ARGENTINA REPUBLIC OF GOVERNMENT 0.75% 07/09/2030 (ARGENT)0.7%
- 6GHANA (REPUBLIC OF) DISCO RegS 5.00% 07/03/2035 (GHANA)0.6%
- 7ARGENTINA REPUBLIC OF GOVERNMENT 3.50% 07/09/2041 (ARGENT)0.6%
- 8URUGUAY (ORIENTAL REPUBLIC OF) 5.10% 06/18/2050 (URUGUA)0.5%
- 9EAGLE FUNDING LUXCO SARL RegS 5.50% 08/17/2030 (MEXPCP)0.5%
- 10UKRAINE (REPUBLIC OF) C BONDS RegS 4.00% 02/01/2032 (UKRAIN)0.4%
EMBC holds 613 securities in total. These 10 are 7.8% of the fund.
Where the money is invested
Countries
- Mexico5.7%
- Turkey4.8%
- Indonesia4.3%
- Brazil3.9%
- Poland3.6%
- Dominican Republic3.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEMBLSEiShares J.P. Morgan $ EM Bond UCITS ETF | 0.45% | 4.0B |
| JPEALSEiShares J.P. Morgan $ EM Bond UCITS ETF | 0.45% | 2.6B |
| 3SUDXETRAiShares J.P. Morgan $ EM Bond UCITS ETF | 0.5% | 787.2M |
| EMBELSEiShares J.P. Morgan $ EM Bond EUR Hedged UCITS ETF (Dist) | 0.5% | 2.1B |
| EMHGLSEiShares J.P. Morgan $ EM Bond UCITS ETF | 0.5% | 173.8M |
Assets are shown in each fund's own reporting currency.
How to invest in EMBC 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 EMBC and buy
Find the fund by its ticker, EMBC, on the SIX Swiss Exchange, and place your order.
Why invest in EMBC from India
What EMBC holds
This investment vehicle's objective is to replicate the returns of a benchmark index, which is composed of US dollar-denominated debt instruments issued by developing nations.
Outside US estate tax
EMBC 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 EMBC's UCITS structure matters for Indian investors
EMBC 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 EMBC from India?
Yes. Indian residents can buy iShares J.P. Morgan $ EM Bond UCITS ETF (EMBC) 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 EMBC invest in?
iShares J.P. Morgan $ EM Bond UCITS ETF holds 613 securities. Its largest holdings are CHF CASH (1.9%), ARGENTINA REPUBLIC OF GOVERNMENT 4.13% 07/09/2035 (ARGENT) (1.2%) and ECUADOR REPUBLIC OF (GOVERNMENT) RegS 6.90% 07/31/2035 (ECUA) (0.8%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of EMBC?
iShares J.P. Morgan $ 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 298.2M.
Is EMBC a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares J.P. Morgan $ 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.
How are EMBC dividends taxed in India?
iShares J.P. Morgan $ EM Bond UCITS 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 EMBC?
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.