London Stock Exchange ETF segment · UCITS ETF
Invest in GEMB ETF from India
Indian and foreign residents can buy Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF (GEMB) units directly through Paasa.
By Paasa · Updated
GEMB at a glance
- Price
- $10.14+$0.04 (0.40%)
- Expense ratio
- 0.45%
- Day range
- $10.14 – $10.14
- Assets
- $17.3M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2025
- Dividends
- Accumulating
- 1 month
- -1.46%
- 6 months
- -1.65%
- YTD
- +0.70%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1EAGLE FUNDING LUXCO S.A R 5.50% 08/17/20302.2%
- 2HUNGARY 2.13% 09/22/20311.7%
- 3GOVERNMENT OF THE REPUBLI 3.88% 03/17/20281.6%
- 4REPUBLIC OF COLOMBIA 3.25% 04/22/20321.5%
- 5US DOLLAR1.5%
- 6GOLDMAN SACHS FUNDS PLC-G 10/19/20261.3%
- 7GRUPO NUTRESA S.A. 8.00% 05/12/20301.1%
- 8ARGENTINE REPUBLIC 4.13% 07/09/20351.1%
- 9UNITED MEXICAN STATES 5.63% 02/09/20341.0%
- 10PAKISTAN (ISLAMIC REPUBLI 7.38% 04/08/20311.0%
These 10 are 14.0% of the fund.
Where the money is invested
Countries
- United States53.5%
- Other45.3%
- Ireland1.3%
How to invest in GEMB 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 GEMB and buy
Find the fund by its ticker, GEMB, on the London Stock Exchange ETF segment, and place your order.
Why invest in GEMB from India
What GEMB holds
The Sub-Fund seeks to achieve a long-term return by actively investing primarily in fixed income securities of emerging markets governments, government-related and corporate issuers.
Outside US estate tax
GEMB 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 GEMB'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
GEMB 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 GEMB's UCITS structure matters for Indian investors
GEMB 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 GEMB from India?
Yes. Indian residents can buy Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF (GEMB) 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 GEMB invest in?
Its largest holdings are EAGLE FUNDING LUXCO S.A R 5.50% 08/17/2030 (2.2%), HUNGARY 2.13% 09/22/2031 (1.7%) and GOVERNMENT OF THE REPUBLI 3.88% 03/17/2028 (1.6%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of GEMB?
Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $17.3M.
Is GEMB a UCITS ETF, and why does that matter for Indian investors?
Yes. Goldman Sachs Emerging Markets Hard Currency Bond Active 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.
Does GEMB pay dividends?
No. Goldman Sachs Emerging Markets Hard Currency Bond Active 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 GEMB?
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.