London Stock Exchange ETF segment · UCITS ETF
Invest in IEEM ETF from India
Indian and foreign residents can buy iShares MSCI EM UCITS ETF (IEEM) units directly through Paasa.
By Paasa · Updated
IEEM at a glance
- Price
- £49.96+£0.00 (0.00%)
- Expense ratio
- 0.18%
- Day range
- £49.78 – £50.32
- Assets
- £7.7B
- Domicile
- Ireland
- Holdings
- 1,136
- Launched
- 2005
- Dividends
- Distributing
- 1 month
- +0.58%
- 6 months
- +16.08%
- YTD
- +22.18%
- 1 year
- +26.75%
- 5 years
- +40.35%
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCTOR MANUFACTURING15.5%
- 2SAMSUNG ELECTRONICS LTD7.5%
- 3SK HYNIX5.8%
- 4TENCENT HOLDINGS2.8%
- 5MEDIATEK1.9%
- 6ALIBABA GROUP HOLDING1.9%
- 7ISHARES MSCI BRAZIL UCITS ET USDHA1.5%
- 8SAMSUNG ELECTRONICS NON VOTING PRE1.0%
- 9DELTA ELECTRONICS0.9%
- 10CHINA CONSTRUCTION BANK CORP H0.8%
IEEM holds 1,136 securities in total. These 10 are 39.6% of the fund.
Where the money is invested
Sectors
- Technology44.5%
- Financial Services19.0%
- Consumer Cyclical7.5%
- Industrials6.0%
- Communication Services5.8%
- Basic Materials5.7%
Countries
- Taiwan28.6%
- South Korea21.9%
- China17.4%
- India10.6%
- South Africa2.5%
- Brazil2.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SEMALSEiShares MSCI EM UCITS ETF USD (Acc) | 0.18% | 7.9B |
| IEMALSEiShares MSCI EM UCITS ETF USD (Acc) | 0.18% | 10.5B |
| EUNMXETRAiShares MSCI EM UCITS ETF USD (Acc) | 0.18% | 9.2B |
| IDEMLSEiShares MSCI EM UCITS ETF USD (Dist) | 0.18% | 10.2B |
| IQQEXETRAiShares MSCI EM UCITS ETF USD (Dist) | 0.18% | 9.0B |
Assets are shown in each fund's own reporting currency.
How to invest in IEEM 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 IEEM and buy
Find the fund by its ticker, IEEM, on the London Stock Exchange ETF segment, and place your order.
Why invest in IEEM from India
What IEEM holds
The Fund seeks to track the performance of an index composed of companies from emerging markets countries.
Outside US estate tax
IEEM 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 IEEM's UCITS structure matters for Indian investors
IEEM 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 IEEM from India?
Yes. Indian residents can buy iShares MSCI EM UCITS ETF (IEEM) 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 IEEM invest in?
iShares MSCI EM UCITS ETF holds 1,136 securities. Its largest holdings are TAIWAN SEMICONDUCTOR MANUFACTURING (15.5%), SAMSUNG ELECTRONICS LTD (7.5%) and SK HYNIX (5.8%). Technology is its largest sector at 44.5%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IEEM?
iShares MSCI EM UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about £7.7B.
Is IEEM a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI EM 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 IEEM dividends taxed in India?
iShares MSCI EM 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 IEEM?
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.