London Stock Exchange ETF segment · UCITS ETF
Invest in IPXJ ETF from India
Indian and foreign residents can buy iShares MSCI Pacific ex-Japan UCITS ETF (IPXJ) units directly through Paasa.
By Paasa · Updated
IPXJ at a glance
- Price
- $55.81+$0.07 (0.12%)
- Expense ratio
- 0.6%
- Day range
- $55.81 – $56.00
- Assets
- $203.7M
- Domicile
- Ireland
- Holdings
- 88
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -4.82%
- 6 months
- +5.63%
- YTD
- +7.69%
- 1 year
- +9.04%
- 5 years
- +14.87%
Price change, excluding dividends.
Top 10 holdings
- 1BHP GROUP LTDBHP.AX9.8%
- 2COMMONWEALTH BANK OF AUSTRALIACBA.AX7.9%
- 3DBS GROUP HOLDINGS LTDD05.SI5.6%
- 4AIA GROUP1299.HK4.5%
- 5NATIONAL AUSTRALIA BANKNAB.AX3.7%
- 6WESTPAC BANKING CORPORATIONWBC.AX3.7%
- 7OVERSEA-CHINESE BANKINGO39.SI3.6%
- 8ANZ GROUP HOLDINGS LTDANZ.AX3.6%
- 9MACQUARIE GROUP LTD DEFMQG.AX2.8%
- 10CSLCSL.AX2.7%
IPXJ holds 88 securities in total. These 10 are 47.8% of the fund.
Where the money is invested
Sectors
- Financial Services45.5%
- Basic Materials15.8%
- Industrials8.5%
- Real Estate6.4%
- Consumer Cyclical6.2%
- Healthcare4.0%
Countries
- Australia62.6%
- Singapore17.2%
- Hong Kong16.5%
- New Zealand2.1%
- Bermuda0.8%
- China0.5%
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 |
| HMXDLSEHSBC MSCI PACIFIC ex JAPAN UCITS ETF | 0.15% | 1.4B |
| PAXJLSEAmundi MSCI Pacific Ex Japan UCITS ETF Dist | 0.12% | 643.5M |
Assets are shown in each fund's own reporting currency.
How to invest in IPXJ 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 IPXJ and buy
Find the fund by its ticker, IPXJ, on the London Stock Exchange ETF segment, and place your order.
Why invest in IPXJ from India
What IPXJ holds
The Fund seeks to track the performance of an index composed of companies from Pacific region developed countries, excluding Japan.
Outside US estate tax
IPXJ 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
IPXJ 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 IPXJ's UCITS structure matters for Indian investors
IPXJ 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 IPXJ from India?
Yes. Indian residents can buy iShares MSCI Pacific ex-Japan UCITS ETF (IPXJ) through Paasa. It is listed on the London Stock Exchange ETF segment 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 IPXJ invest in?
iShares MSCI Pacific ex-Japan UCITS ETF holds 88 securities. Its largest holdings are BHP GROUP LTD (9.8%), COMMONWEALTH BANK OF AUSTRALIA (7.9%) and DBS GROUP HOLDINGS LTD (5.6%). Financial Services is its largest sector at 45.5%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IPXJ?
iShares MSCI Pacific ex-Japan UCITS ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about $203.7M.
Is IPXJ a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares 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 IPXJ dividends taxed in India?
iShares 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 IPXJ?
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 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.