London Stock Exchange ETF segment · UCITS ETF
Invest in EMIG ETF from India
Indian and foreign residents can buy UBS J.P. Morgan EM IG Screened Diversified Bond UCITS ETF (EMIG) units directly through Paasa.
By Paasa · Updated
EMIG at a glance
- Price
- £10.35-£0.05 (0.43%)
- Expense ratio
- 0.4%
- Day range
- £10.35 – £10.36
- Assets
- £621.8M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -0.62%
- 6 months
- -1.61%
- YTD
- -1.64%
- 1 year
- -0.63%
- 5 years
- -2.53%
Price change, excluding dividends.
Top 10 holdings
- 1URUGUA 5.1 06/18/500.6%
- 2POLAND 5 1/2 03/18/540.5%
- 3POLAND 5 1/8 09/18/340.4%
- 4REPHUN 5 1/2 03/26/360.4%
- 5URUGUA 5.442 02/14/370.4%
- 6POLAND 4 7/8 02/12/300.4%
- 7POLAND 5 3/8 02/12/350.4%
- 8URUGUA 5 3/4 10/28/340.4%
- 9URUGUA 4.975 04/20/550.4%
- 10REPHUN 6 09/26/350.4%
These 10 are 4.4% of the fund.
Where the money is invested
Sectors
- Corporate54.6%
- Government44.0%
Countries
- Cayman Islands8.3%
- Hong Kong5.8%
- Indonesia5.0%
- Poland5.0%
- South Korea4.9%
- Chile4.8%
How to invest in EMIG 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 GBP when you buy.
Step 3
Search EMIG and buy
Find the fund by its ticker, EMIG, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMIG from India
What EMIG holds
This fund aims to replicate the total return (capital appreciation and income), before fees, of its benchmark, the J.P. Morgan USD EM IG ESG Diversified Bond Index.
Outside US estate tax
EMIG is domiciled in Luxembourg, 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 EMIG's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 EMIG's UCITS structure matters for Indian investors
EMIG is domiciled in Luxembourg, 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 EMIG from India?
Yes. Indian residents can buy UBS J.P. Morgan EM IG Screened Diversified Bond UCITS ETF (EMIG) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 EMIG invest in?
Its largest holdings are URUGUA 5.1 06/18/50 (0.6%), POLAND 5 1/2 03/18/54 (0.5%) and POLAND 5 1/8 09/18/34 (0.4%). Corporate is its largest sector at 54.6%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of EMIG?
UBS J.P. Morgan EM IG Screened Diversified Bond UCITS 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 £621.8M.
Is EMIG a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS J.P. Morgan EM IG Screened Diversified Bond UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
Does EMIG pay dividends?
No. UBS J.P. Morgan EM IG Screened Diversified Bond 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 EMIG?
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 GBP/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.