XETRA · UCITS ETF
Invest in JMBE ETF from India
Indian and foreign residents can buy JPMorgan ETFs Ireland ICAV - Emerging Markets Sovereign Bond UCITS ETF (JMBE) units directly through Paasa.
By Paasa · Updated
JMBE at a glance
- Price
- €93.21-€0.43 (0.46%)
- Expense ratio
- 0.39%
- Day range
- €93.21 – €93.82
- Assets
- €385.4M
- Domicile
- Ireland
- Holdings
- 308
- Launched
- 2018
- Dividends
- —
- 1 month
- -3.74%
- 6 months
- -0.69%
- YTD
- -3.60%
- 1 year
- -1.99%
- 5 years
- -6.42%
Price change, excluding dividends.
Top 10 holdings
- 1ARAB REPUBLIC 5.875% 02/16/311.8%
- 2DOMINICAN REPU 5.875% 01/30/601.3%
- 3REPUBLIC OF SOU 5.75% 09/30/491.3%
- 4FED REPUBLIC O 5.625% 02/21/471.3%
- 5DOMINICAN REPU 4.875% 09/23/321.3%
- 6REPUBLIC OF SOUT 4.3% 10/12/281.2%
- 7Cash and Cash Equivalent1.1%
- 8FED REPUBLIC O 4.625% 01/13/281.1%
- 9KINGDOM OF BAHR 6.75% 09/20/291.1%
- 10REPUBLIC OF GHAN S/UP 07/03/351.1%
JMBE holds 308 securities in total. These 10 are 12.6% of the fund.
Where the money is invested
Countries
- Turkey7.9%
- Brazil6.7%
- Colombia6.1%
- Dominican Republic6.0%
- South Africa5.1%
- Nigeria4.6%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| JPMBLSEJPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF | 0.39% | 385.8M |
| JMBPLSEJPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF | 0.39% | 385.4M |
| JMBALSEJPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF | 0.39% | 383.4M |
Assets are shown in each fund's own reporting currency.
How to invest in JMBE 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 JMBE and buy
Find the fund by its ticker, JMBE, on XETRA, and place your order.
Why invest in JMBE from India
What JMBE holds
This Sub-Fund strives to offer investment exposure to the returns of US Dollar-denominated debt instruments, which are issued by national governments or government-related entities within emerging markets around the world.
Outside US estate tax
JMBE 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 JMBE's UCITS structure matters for Indian investors
JMBE 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 JMBE from India?
Yes. Indian residents can buy JPMorgan ETFs Ireland ICAV - Emerging Markets Sovereign Bond UCITS ETF (JMBE) 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 JMBE invest in?
JPMorgan ETFs Ireland ICAV - Emerging Markets Sovereign Bond UCITS ETF holds 308 securities. Its largest holdings are ARAB REPUBLIC 5.875% 02/16/31 (1.8%), DOMINICAN REPU 5.875% 01/30/60 (1.3%) and REPUBLIC OF SOU 5.75% 09/30/49 (1.3%). The fund is domiciled in Ireland.
What is the expense ratio of JMBE?
JPMorgan ETFs Ireland ICAV - Emerging Markets Sovereign Bond UCITS ETF has an expense ratio of 0.39% a year, taken from the fund's assets rather than billed to you. The fund manages about €385.4M.
Is JMBE a UCITS ETF, and why does that matter for Indian investors?
Yes. JPMorgan ETFs Ireland ICAV - Emerging Markets Sovereign 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 JMBE?
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.