London Stock Exchange ETF segment · UCITS ETF
Invest in JNKE ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE) units directly through Paasa.
By Paasa · Updated
JNKE at a glance
- Price
- €49.67-€0.06 (0.13%)
- Expense ratio
- 0.4%
- Day range
- €49.67 – €50.10
- Assets
- €464.9M
- Domicile
- Ireland
- Holdings
- 535
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -1.61%
- 6 months
- +4.08%
- YTD
- -5.20%
- 1 year
- -4.47%
- 5 years
- -13.64%
Price change, excluding dividends.
Top 10 holdings
- 1ZF EUROPE FINANCE BV 7 06/12/20300.8%
- 2VMED O2 UK FINANCING I 5.625 04/15/20320.7%
- 3CAB 7.75 08/09/20310.7%
- 4COREWEAVE INC 8.5 07/15/20320.7%
- 5LOTTOMATICA GROUP SPA 4.875 01/31/20310.6%
- 6Cash_EUR0.6%
- 7FIBERCOP SPA 5.375 04/15/20310.6%
- 8IQVIA INC 4.625 06/15/20330.5%
- 9BOND US BIDCO 1/2/3/G1/2 6.5 06/15/20330.5%
- 10MPT OPER PARTNERSP/FINL 7 02/15/20320.5%
JNKE holds 535 securities in total. These 10 are 6.1% of the fund.
Where the money is invested
Countries
- France23.7%
- Italy11.9%
- Netherlands10.4%
- United States10.4%
- United Kingdom9.4%
- Germany8.9%
How to invest in JNKE 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 JNKE and buy
Find the fund by its ticker, JNKE, on the London Stock Exchange ETF segment, and place your order.
Why invest in JNKE from India
What JNKE holds
This Fund aims to replicate the returns generated by a specific segment of the bond market. This segment includes corporate bonds that are considered 'high yield' (meaning higher risk/reward), have a fixed interest rate, and are issued in Euros.
Outside US estate tax
JNKE 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 JNKE's UCITS structure matters for Indian investors
JNKE 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 JNKE from India?
Yes. Indian residents can buy State Street SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE) through Paasa. It is listed on the London Stock Exchange ETF segment 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 JNKE invest in?
State Street SPDR Bloomberg Euro High Yield Bond UCITS ETF holds 535 securities. Its largest holdings are ZF EUROPE FINANCE BV 7 06/12/2030 (0.8%), VMED O2 UK FINANCING I 5.625 04/15/2032 (0.7%) and CAB 7.75 08/09/2031 (0.7%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of JNKE?
State Street SPDR Bloomberg Euro High Yield Bond 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 €464.9M.
Is JNKE a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg Euro High Yield 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.
How are JNKE dividends taxed in India?
State Street SPDR Bloomberg Euro High Yield Bond 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 JNKE?
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.