London Stock Exchange ETF segment · UCITS ETF
Invest in IEUX ETF from India
Indian and foreign residents can buy iShares MSCI Europe ex-UK UCITS ETF (IEUX) units directly through Paasa.
By Paasa · Updated
IEUX at a glance
- Price
- £46.54-£0.44 (0.93%)
- Expense ratio
- 0.4%
- Day range
- £46.51 – £47.16
- Assets
- £1.1B
- Domicile
- Ireland
- Holdings
- 320
- Launched
- 2006
- Dividends
- Distributing
- 1 month
- -3.47%
- 6 months
- +8.70%
- YTD
- +4.94%
- 1 year
- +11.23%
- 5 years
- +37.66%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING6.3%
- 2ROCHE PS PAR AG2.8%
- 3NOVARTIS AG2.5%
- 4NESTLE SA2.2%
- 5SIEMENS N AG2.1%
- 6CHF CASH2.1%
- 7SAP2.0%
- 8BANCO SANTANDER1.9%
- 9ALLIANZ1.7%
- 10SCHNEIDER ELECTRIC1.7%
IEUX holds 320 securities in total. These 10 are 25.4% of the fund.
Where the money is invested
Sectors
- Financial Services24.7%
- Industrials20.5%
- Healthcare12.7%
- Technology11.9%
- Consumer Defensive6.7%
- Consumer Cyclical6.5%
Countries
- Switzerland20.9%
- Germany17.4%
- France17.1%
- Netherlands13.5%
- Spain7.8%
- Sweden7.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EUXSLSEiShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) | 0.4% | 177.5M |
| MXUKLSEInvesco MSCI Europe ex-UK UCITS ETF | 0.2% | 60.2M |
Assets are shown in each fund's own reporting currency.
How to invest in IEUX 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 IEUX and buy
Find the fund by its ticker, IEUX, on the London Stock Exchange ETF segment, and place your order.
Why invest in IEUX from India
What IEUX holds
This exchange-traded fund aims to mirror the returns of an underlying benchmark that comprises businesses based in developed European nations, with the deliberate exclusion of those situated in the United Kingdom.
Outside US estate tax
IEUX 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 IEUX's UCITS structure matters for Indian investors
IEUX 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 IEUX from India?
Yes. Indian residents can buy iShares MSCI Europe ex-UK UCITS ETF (IEUX) 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 IEUX invest in?
iShares MSCI Europe ex-UK UCITS ETF holds 320 securities. Its largest holdings are ASML HOLDING (6.3%), ROCHE PS PAR AG (2.8%) and NOVARTIS AG (2.5%). Financial Services is its largest sector at 24.7%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IEUX?
iShares MSCI Europe ex-UK UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.1B.
Is IEUX a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Europe ex-UK 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 IEUX dividends taxed in India?
iShares MSCI Europe ex-UK 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 IEUX?
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.