XETRA · UCITS ETF
Invest in FRCK ETF from India
Indian and foreign residents can buy UBS Lux Fund Solutions SICAV - UBS BBG EM Sovereign UCITS ETF -hEUR - Capitalisation (FRCK) units directly through Paasa.
By Paasa · Updated
FRCK at a glance
- Price
- €12.63-€0.03 (0.20%)
- Expense ratio
- 0.28%
- Day range
- €12.63 – €12.70
- Assets
- €475.6M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2016
- Dividends
- Accumulating
- 1 month
- -3.85%
- 6 months
- +0.35%
- YTD
- -2.52%
- 1 year
- +0.27%
- 5 years
- -2.59%
Price change, excluding dividends.
Top 10 holdings
- 1ECUA 6.9 07/31/351.0%
- 2ARGENT 4 1/8 07/09/350.8%
- 3GHANA 5 07/03/350.7%
- 4URUGUA 5.1 06/18/500.6%
- 5ECUA 8 3/4 01/29/340.5%
- 6UKRAIN 4 02/01/320.5%
- 7ARGENT 0 3/4 07/09/300.5%
- 8ARGENT 5 01/09/380.5%
- 9ECUA 5 1/2 07/31/400.4%
- 10ECUA 9 1/4 01/29/390.4%
These 10 are 6.0% of the fund.
Where the money is invested
Sectors
- Government81.7%
- Corporate17.8%
Countries
- Nigeria3.4%
- Turkey3.2%
- Egypt3.1%
- Poland3.1%
- Hungary3.1%
- Dominican Republic3.1%
How to invest in FRCK 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 EUR when you buy.
Step 3
Search FRCK and buy
Find the fund by its ticker, FRCK, on XETRA, and place your order.
Why invest in FRCK from India
What FRCK holds
The fund generally invests in Emerging Markets Bonds which are contained in the Bloomberg Barclays Emerging Markets USD Sovereign & Agency 3% Country Capped Index. Weightings of the bond correspond to their weightings in the index
Outside US estate tax
FRCK 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 FRCK'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 FRCK's UCITS structure matters for Indian investors
FRCK 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 FRCK from India?
Yes. Indian residents can buy UBS Lux Fund Solutions SICAV - UBS BBG EM Sovereign UCITS ETF -hEUR - Capitalisation (FRCK) through Paasa. It is listed on XETRA and trades in EUR. 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 FRCK invest in?
Its largest holdings are ECUA 6.9 07/31/35 (1.0%), ARGENT 4 1/8 07/09/35 (0.8%) and GHANA 5 07/03/35 (0.7%). Government is its largest sector at 81.7%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of FRCK?
UBS Lux Fund Solutions SICAV - UBS BBG EM Sovereign UCITS ETF -hEUR - Capitalisation has an expense ratio of 0.28% a year, taken from the fund's assets rather than billed to you. The fund manages about €475.6M.
Is FRCK a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Lux Fund Solutions SICAV - UBS BBG EM Sovereign UCITS ETF -hEUR - Capitalisation 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 FRCK pay dividends?
No. UBS Lux Fund Solutions SICAV - UBS BBG EM Sovereign UCITS ETF -hEUR - Capitalisation 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 FRCK?
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 EUR/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.