XETRA · UCITS ETF
Invest in IBCQ ETF from India
Indian and foreign residents can buy iShares Global Corp Bond UCITS ETF (IBCQ) units directly through Paasa.
By Paasa · Updated
IBCQ at a glance
- Price
- €81.43-€0.14 (0.17%)
- Expense ratio
- 0.25%
- Day range
- €81.43 – €81.85
- Assets
- €1.1B
- Domicile
- Ireland
- Holdings
- 9,906
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -2.70%
- 6 months
- -4.00%
- YTD
- -5.49%
- 1 year
- -7.21%
- 5 years
- -22.98%
Price change, excluding dividends.
Top 10 holdings
- 1JAPAN (GOVERNMENT OF) 10YR #353 0.10% 12/20/2028 (JGB)0.2%
- 2SOPAIPILLA INVESTOR LLC 144A 7.53% 11/30/2048 (TXEDCI)0.1%
- 3JAPAN (GOVERNMENT OF) 20YR #153 1.30% 06/20/2035 (JGB)0.1%
- 4CAD CASH0.1%
- 5SPACE EXPLORATION TECHNOLOGIES COR 144A 5.65% 07/15/2033 (SPCX)0.1%
- 6T-MOBILE USA INC 3.88% 04/15/2030 (TMUS)0.1%
- 7CITIGROUP INC 2.80% 06/25/2027 (C)0.1%
- 8META PLATFORMS INC 5.25% 05/15/2036 (META)0.1%
- 9ALPHABET INC 1.97% 05/16/2029 (GOOGL)0.1%
- 10PFIZER INVESTMENT ENTERPRISES PTE 4.75% 05/19/2033 (PFE)0.1%
IBCQ holds 9,906 securities in total. These 10 are 0.7% of the fund.
Where the money is invested
Sectors
- Corporate56.4%
- Securitized0.2%
- Government0.2%
Countries
- United States58.7%
- United Kingdom6.5%
- France6.0%
- Canada5.0%
- Netherlands4.7%
- Japan2.6%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CORPLSEiShares Global Corp Bond UCITS ETF | 0.2% | 1.8B |
| CRPALSEiShares Global Corp Bond UCITS ETF | 0.2% | 838.7M |
| CRPULSEiShares Global Corp Bond UCITS ETF | 0.25% | 785.7M |
| CRHGLSEiShares Global Corp Bond UCITS ETF | 0.25% | 242.2M |
| CORCSIXiShares Global Corp Bond UCITS ETF | 0.25% | 174.6M |
Assets are shown in each fund's own reporting currency.
How to invest in IBCQ 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 IBCQ and buy
Find the fund by its ticker, IBCQ, on XETRA, and place your order.
Why invest in IBCQ from India
What IBCQ holds
This ETF endeavors to replicate the returns of an underlying index, which comprises high-quality corporate debt securities issued by companies operating in both nascent and mature economies.
Outside US estate tax
IBCQ 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 IBCQ's UCITS structure matters for Indian investors
IBCQ 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 IBCQ from India?
Yes. Indian residents can buy iShares Global Corp Bond UCITS ETF (IBCQ) 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 IBCQ invest in?
iShares Global Corp Bond UCITS ETF holds 9,906 securities. Its largest holdings are JAPAN (GOVERNMENT OF) 10YR #353 0.10% 12/20/2028 (JGB) (0.2%), SOPAIPILLA INVESTOR LLC 144A 7.53% 11/30/2048 (TXEDCI) (0.1%) and JAPAN (GOVERNMENT OF) 20YR #153 1.30% 06/20/2035 (JGB) (0.1%). Corporate is its largest sector at 56.4%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IBCQ?
iShares Global Corp Bond UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.1B.
Is IBCQ a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Global Corp Bond 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 IBCQ dividends taxed in India?
iShares Global Corp Bond 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 IBCQ?
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.