Euronext Amsterdam · UCITS ETF
Invest in IGAE ETF from India
Indian and foreign residents can buy iShares J.P. Morgan Advanced $ EM Investment Grade Bond UCITS ETF (IGAE) units directly through Paasa.
By Paasa · Updated
IGAE at a glance
- Price
- $4.79-$0.01 (0.20%)
- Expense ratio
- 0.3%
- Day range
- $4.78 – $4.80
- Assets
- $410.3M
- Domicile
- Ireland
- Holdings
- 472
- Launched
- 2021
- Dividends
- —
- 1 month
- -0.64%
- 6 months
- -3.16%
- YTD
- -2.36%
- 1 year
- -1.15%
- 5 years
- -5.77%
Price change, excluding dividends.
Top 10 holdings
- 1URUGUAY (ORIENTAL REPUBLIC OF) 5.10% 06/18/2050 (URUGUA)1.5%
- 2URUGUAY (ORIENTAL REPUBLIC OF) 5.44% 02/14/2037 (URUGUA)1.0%
- 3URUGUAY (ORIENTAL REPUBLIC OF) 5.75% 10/28/2034 (URUGUA)1.0%
- 4URUGUAY (ORIENTAL REPUBLIC OF) 4.97% 04/20/2055 (URUGUA)1.0%
- 5HUNGARY (GOVERNMENT) RegS 5.50% 03/26/2036 (REPHUN)0.9%
- 6HUNGARY (GOVERNMENT) RegS 6.13% 05/22/2028 (REPHUN)0.9%
- 7OMAN SULTANATE OF (GOVERNMENT) RegS 6.75% 01/17/2048 (OMAN)0.8%
- 8POLAND (REPUBLIC OF) 5.50% 03/18/2054 (POLAND)0.8%
- 9POLAND (REPUBLIC OF) 5.13% 09/18/2034 (POLAND)0.8%
- 10URUGUAY (ORIENTAL REPUBLIC OF) 4.38% 01/23/2031 (URUGUA)0.8%
IGAE holds 472 securities in total. These 10 are 9.5% of the fund.
Where the money is invested
Sectors
- Sovereign78.2%
- Owned No Guarantee17.1%
- Government Guaranteed4.4%
Countries
- United States60.1%
- Hungary8.2%
- Saudi Arabia6.9%
- Romania6.4%
- Oman6.2%
- Kazakhstan4.9%
How to invest in IGAE 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.
Step 3
Search IGAE and buy
Find the fund by its ticker, IGAE, on Euronext Amsterdam, and place your order.
Why invest in IGAE from India
What IGAE holds
The Fund aims to deliver investment returns, generated through a combination of asset appreciation and income distributions. Its performance is designed to closely track that of its reference index, the J.P.
Outside US estate tax
IGAE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
IGAE is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 IGAE's UCITS structure matters for Indian investors
IGAE 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 IGAE from India?
Yes. Indian residents can buy iShares J.P. Morgan Advanced $ EM Investment Grade Bond UCITS ETF (IGAE) through Paasa. It is listed on Euronext Amsterdam and trades in US dollars. 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 IGAE invest in?
iShares J.P. Morgan Advanced $ EM Investment Grade Bond UCITS ETF holds 472 securities. Its largest holdings are URUGUAY (ORIENTAL REPUBLIC OF) 5.10% 06/18/2050 (URUGUA) (1.5%), URUGUAY (ORIENTAL REPUBLIC OF) 5.44% 02/14/2037 (URUGUA) (1.0%) and URUGUAY (ORIENTAL REPUBLIC OF) 5.75% 10/28/2034 (URUGUA) (1.0%). Sovereign is its largest sector at 78.2%. The fund is domiciled in Ireland.
What is the expense ratio of IGAE?
iShares J.P. Morgan Advanced $ EM Investment Grade Bond UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about $410.3M.
Is IGAE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares J.P. Morgan Advanced $ EM Investment Grade 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.
What tax do I pay in India when I sell IGAE?
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 USD/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.