London Stock Exchange ETF segment · UCITS ETF
Invest in HMXJ ETF from India
Indian and foreign residents can buy HSBC MSCI PACIFIC ex JAPAN UCITS ETF (HMXJ) units directly through Paasa.
By Paasa · Updated
HMXJ at a glance
- Price
- £12.77-£0.13 (1.01%)
- Expense ratio
- 0.15%
- Day range
- £12.68 – £12.80
- Assets
- £1.0B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2010
- Dividends
- Distributing
- 1 month
- -2.82%
- 6 months
- +2.16%
- YTD
- +7.22%
- 1 year
- +8.12%
- 5 years
- +18.79%
Price change, excluding dividends.
Top 10 holdings
- 1Capital Cash Ctrl10.2%
- 2BHP Group Ltd9.7%
- 3Commonwealth Bank of Australia7.9%
- 4DBS Group Holdings Ltd5.6%
- 5AIA Group Ltd4.3%
- 6National Australia Bank Ltd3.8%
- 7Westpac Banking Corp3.7%
- 8Oversea-Chinese Banking Corp Ltd3.7%
- 9ANZ Group Holdings Ltd3.6%
- 10Macquarie Group Ltd2.7%
These 10 are 55.2% of the fund.
Where the money is invested
Sectors
- Financial Services46.2%
- Basic Materials16.3%
- Industrials8.5%
- Real Estate6.5%
- Consumer Cyclical6.3%
- Healthcare4.1%
Countries
- Australia61.2%
- Singapore17.6%
- Hong Kong16.5%
- New Zealand2.0%
- Other1.2%
- Bermuda0.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EPPAMEXiShares MSCI Pacific ex Japan ETF | 0.47% | 2.2B |
| CPXJLSEiShares Core MSCI Pacific ex-Japan UCITS ETF | 0.2% | 4.0B |
| SPXJLSEiShares MSCI Pacific ex-Japan UCITS ETF | 0.6% | 154.2M |
| PAXGLSEAmundi MSCI Pacific Ex Japan UCITS ETF Dist | 0.12% | 482.5M |
| SXR1XETRAiShares Core MSCI Pacific ex-Japan UCITS ETF | 0.2% | 3.5B |
Assets are shown in each fund's own reporting currency.
How to invest in HMXJ 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 HMXJ and buy
Find the fund by its ticker, HMXJ, on the London Stock Exchange ETF segment, and place your order.
Why invest in HMXJ from India
What HMXJ holds
This Fund is designed to faithfully replicate the financial performance of the MSCI Pacific ex Japan Index. It achieves this by holding investments in, or otherwise gaining exposure to, the equity securities of companies that are constituents of that benchmark.
Outside US estate tax
HMXJ 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 HMXJ's UCITS structure matters for Indian investors
HMXJ 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 HMXJ from India?
Yes. Indian residents can buy HSBC MSCI PACIFIC ex JAPAN UCITS ETF (HMXJ) 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 HMXJ invest in?
Its largest holdings are Capital Cash Ctrl (10.2%), BHP Group Ltd (9.7%) and Commonwealth Bank of Australia (7.9%). Financial Services is its largest sector at 46.2%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of HMXJ?
HSBC MSCI PACIFIC ex JAPAN UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.0B.
Is HMXJ a UCITS ETF, and why does that matter for Indian investors?
Yes. HSBC MSCI PACIFIC ex JAPAN 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.
How are HMXJ dividends taxed in India?
HSBC MSCI PACIFIC ex JAPAN 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 HMXJ?
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 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.