London Stock Exchange ETF segment · UCITS ETF
Invest in GLAB ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg Global Aggregate Bond Hdg UCITS ETF (GLAB) units directly through Paasa.
By Paasa · Updated
GLAB at a glance
- Price
- £27.54+£0.08 (0.29%)
- Expense ratio
- 0.1%
- Day range
- £27.52 – £27.59
- Assets
- £3.7B
- Domicile
- Ireland
- Holdings
- 10,334
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -1.77%
- 6 months
- -2.54%
- YTD
- -4.50%
- 1 year
- -3.83%
- 5 years
- -12.67%
Price change, excluding dividends.
Top 10 holdings
- 1Cash_USD0.4%
- 2US TREASURY N/B 4.25 08/15/20350.2%
- 3US TREASURY N/B 4 11/15/20350.2%
- 4US TREASURY N/B 3.75 04/15/20280.2%
- 5US TREASURY N/B 0.625 05/15/20300.2%
- 6CHINA GOVERNMENT BOND 1.83 08/25/20350.2%
- 7CHINA GOVERNMENT BOND 1.78 11/15/20350.2%
- 8US TREASURY N/B 3.875 06/30/20300.2%
- 9US TREASURY N/B 4.375 05/15/20340.2%
- 10CHINA GOVERNMENT BOND 1.79 03/25/20320.2%
GLAB holds 10,334 securities in total. These 10 are 2.2% of the fund.
Where the money is invested
Sectors
- Government62.4%
- Corporate25.2%
- Securitized12.3%
- Municipal0.1%
Countries
- United States30.3%
- China11.1%
- Other10.7%
- Japan8.2%
- France5.3%
- United Kingdom4.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| GLADLSEState Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Acc) | 0.1% | 4.9B |
| SPFEXETRAState Street SPDR Bloomberg Global Aggregate Bond EUR Hdg UCITS ETF (Dist) | 0.1% | 4.3B |
| GLAULSEState Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 0.1% | 4.9B |
Assets are shown in each fund's own reporting currency.
How to invest in GLAB 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 GLAB and buy
Find the fund by its ticker, GLAB, on the London Stock Exchange ETF segment, and place your order.
Why invest in GLAB from India
What GLAB holds
This fund endeavors to replicate the returns observed in worldwide markets for premium, fixed-interest debt instruments.
Outside US estate tax
GLAB is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 GLAB's UCITS structure matters for Indian investors
GLAB 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 GLAB from India?
Yes. Indian residents can buy State Street SPDR Bloomberg Global Aggregate Bond Hdg UCITS ETF (GLAB) 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 GLAB invest in?
State Street SPDR Bloomberg Global Aggregate Bond Hdg UCITS ETF holds 10,334 securities. Its largest holdings are Cash_USD (0.4%), US TREASURY N/B 4.25 08/15/2035 (0.2%) and US TREASURY N/B 4 11/15/2035 (0.2%). Government is its largest sector at 62.4%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of GLAB?
State Street SPDR Bloomberg Global Aggregate Bond Hdg UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about £3.7B.
Is GLAB a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg Global Aggregate Bond Hdg 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 GLAB dividends taxed in India?
State Street SPDR Bloomberg Global Aggregate Bond Hdg 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 GLAB?
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.