London Stock Exchange ETF segment · UCITS ETF
Invest in EMUU ETF from India
Indian and foreign residents can buy iShares MSCI EMU UCITS ETF (EMUU) units directly through Paasa.
By Paasa · Updated
EMUU at a glance
- Price
- $14.83-$0.07 (0.48%)
- Expense ratio
- 0.38%
- Day range
- $14.81 – $15.05
- Assets
- $319.6M
- Domicile
- Ireland
- Holdings
- 215
- Launched
- 2015
- Dividends
- Accumulating
- 1 month
- -2.72%
- 6 months
- +15.74%
- YTD
- +12.49%
- 1 year
- +19.28%
- 5 years
- +86.12%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING8.7%
- 2SIEMENS N AG2.9%
- 3SAP2.7%
- 4BANCO SANTANDER2.6%
- 5EUR CASH2.6%
- 6ALLIANZ2.4%
- 7SCHNEIDER ELECTRIC2.3%
- 8EUR/USD2.3%
- 9TOTALENERGIES2.3%
- 10BANCO BILBAO VIZCAYA ARGENTARIA SA2.1%
EMUU holds 215 securities in total. These 10 are 31.0% of the fund.
Where the money is invested
Sectors
- Financial Services26.5%
- Industrials19.9%
- Technology16.2%
- Consumer Cyclical7.3%
- Utilities6.2%
- Healthcare5.8%
Countries
- Germany24.1%
- France23.7%
- Netherlands18.7%
- Spain10.9%
- Italy8.9%
- Finland3.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEMULSEiShares Core MSCI EMU UCITS ETF | 0.12% | 7.0B |
| CEUUAMSiShares Core MSCI EMU UCITS ETF | 0.15% | 977.3M |
| XD5ELSEXtrackers MSCI EMU UCITS ETF 1D | 0.09% | 2.1B |
| EMUCSIXiShares MSCI EMU CHF Hedged UCITS ETF (Acc) | 0.38% | 182.6M |
| CEUGLSEiShares Core MSCI EMU UCITS ETF | 0.12% | 226.4M |
Assets are shown in each fund's own reporting currency.
How to invest in EMUU 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 EMUU and buy
Find the fund by its ticker, EMUU, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMUU from India
What EMUU holds
The iShares MSCI EMU USD Hedged UCITS ETF (Acc) is an exchange-traded fund designed to accurately track the performance of the MSCI EMU 100% hedged to USD Index. It achieves this by directly investing in the physical securities that constitute the index.
Outside US estate tax
EMUU 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 EMUU'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
EMUU 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 EMUU's UCITS structure matters for Indian investors
EMUU 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 EMUU from India?
Yes. Indian residents can buy iShares MSCI EMU UCITS ETF (EMUU) 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 EMUU invest in?
iShares MSCI EMU UCITS ETF holds 215 securities. Its largest holdings are ASML HOLDING (8.7%), SIEMENS N AG (2.9%) and SAP (2.7%). Financial Services is its largest sector at 26.5%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of EMUU?
iShares MSCI EMU UCITS ETF has an expense ratio of 0.38% a year, taken from the fund's assets rather than billed to you. The fund manages about $319.6M.
Is EMUU a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI EMU 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. 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 EMUU pay dividends?
No. iShares MSCI EMU 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 EMUU?
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.