London Stock Exchange ETF segment · UCITS ETF
Invest in EMDD ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDD) units directly through Paasa.
By Paasa · Updated
EMDD at a glance
- Price
- $56.08-$0.32 (0.57%)
- Expense ratio
- 0.55%
- Day range
- $56.02 – $56.31
- Assets
- $1.7B
- Domicile
- Ireland
- Holdings
- 655
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- -2.44%
- 6 months
- -0.16%
- YTD
- -6.02%
- 1 year
- -3.94%
- 5 years
- -14.59%
Price change, excluding dividends.
Top 10 holdings
- 1LETRA TESOURO NACIONAL 0 01/01/20291.0%
- 2MEX BONOS DESARR FIX RT 8.5 03/01/20290.8%
- 3NOTA DO TESOURO NACIONAL 10 01/01/20290.8%
- 4NOTA DO TESOURO NACIONAL 10 01/01/20310.7%
- 5MEX BONOS DESARR FIX RT 8.5 02/28/20300.7%
- 6REPUBLIC OF SOUTH AFRICA 8.75 02/28/20480.7%
- 7LETRA TESOURO NACIONAL 0 07/01/20290.7%
- 8LETRA TESOURO NACIONAL 0 01/01/20320.7%
- 9MEX BONOS DESARR FIX RT 8.5 05/31/20290.7%
- 10MEX BONOS DESARR FIX RT 8.5 03/02/20280.7%
EMDD holds 655 securities in total. These 10 are 7.5% of the fund.
Where the money is invested
Countries
- China10.3%
- South Korea10.0%
- India9.1%
- Mexico8.3%
- Malaysia7.9%
- Indonesia7.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SPFAXETRAState Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (Acc) | 0.55% | 1.5B |
| SPFDXETRAState Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | 0.6% | 1.5B |
Assets are shown in each fund's own reporting currency.
How to invest in EMDD 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 EMDD and buy
Find the fund by its ticker, EMDD, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMDD from India
What EMDD holds
The primary goal of this fund is to mirror the returns generated by debt instruments, denominated in their respective local currencies, issued by emerging market economies that are available for investment.
Outside US estate tax
EMDD is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
EMDD 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 EMDD's UCITS structure matters for Indian investors
EMDD 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 EMDD from India?
Yes. Indian residents can buy State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (EMDD) 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 EMDD invest in?
State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF holds 655 securities. Its largest holdings are LETRA TESOURO NACIONAL 0 01/01/2029 (1.0%), MEX BONOS DESARR FIX RT 8.5 03/01/2029 (0.8%) and NOTA DO TESOURO NACIONAL 10 01/01/2029 (0.8%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of EMDD?
State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.7B.
Is EMDD a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg Emerging Markets Local 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 EMDD dividends taxed in India?
State Street SPDR Bloomberg Emerging Markets Local 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 EMDD?
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.