XETRA · UCITS ETF
Invest in SNAZ ETF from India
Indian and foreign residents can buy iShares JP Morgan EM Corp Bond UCITS ETF AccumHedged (SNAZ) units directly through Paasa.
By Paasa · Updated
SNAZ at a glance
- Price
- €5.02-€0.01 (0.10%)
- Expense ratio
- 0.53%
- Day range
- €5.01 – €5.04
- Assets
- €228.4M
- Domicile
- Ireland
- Holdings
- 1,292
- Launched
- 2020
- Dividends
- —
- 1 month
- +0.12%
- 6 months
- -2.03%
- YTD
- -1.45%
- 1 year
- -0.87%
- 5 years
- -1.64%
Price change, excluding dividends.
Top 10 holdings
- 1DIGICEL INTERNATIONAL FINANCE LTD RegS 8.63% 08/01/2032 (DIGDIF)0.4%
- 2SANDS CHINA LTD 5.40% 08/08/2028 (SANLTD)0.4%
- 3ECOPETROL SA 8.88% 01/13/2033 (ECOPET)0.3%
- 4YPF SA RegS 8.25% 01/17/2034 (YPFDAR)0.3%
- 5ORLEN SA RegS 6.00% 01/30/2035 (PKNPW)0.3%
- 6FIRST QUANTUM MINERALS LTD RegS 6.38% 02/15/2036 (FMCN)0.3%
- 7FREEPORT INDONESIA PT RegS 5.32% 04/14/2032 (FRIDPT)0.3%
- 8SAMARCO MINERACAO SA RegS 9.00% 06/30/2031 (SAMMIN)0.3%
- 9FIRST QUANTUM MINERALS LTD RegS 8.63% 06/01/2031 (FMCN)0.3%
- 10TSMC GLOBAL LTD RegS 2.25% 04/23/2031 (TAISEM)0.3%
SNAZ holds 1,292 securities in total. These 10 are 2.9% of the fund.
Where the money is invested
Sectors
- Industrial42.8%
- Financial Institutions26.3%
- Agency24.3%
- Utility5.3%
- Supranational1.0%
- Local Authority0.2%
Countries
- Cayman Islands12.1%
- United Kingdom8.2%
- Hong Kong6.1%
- Luxembourg4.4%
- Netherlands4.3%
- Mexico4.3%
How to invest in SNAZ 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 SNAZ and buy
Find the fund by its ticker, SNAZ, on XETRA, and place your order.
Why invest in SNAZ from India
What SNAZ holds
The Share Class is a share class of a Fund, which aims to achieve a return on your investment, through a combination of capital growth and income on the Funds assets, which reflects the return of the J.P. Morgan CEMBI Broad Diversified Core Index, the Funds benchmark index (Index)
Outside US estate tax
SNAZ 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 SNAZ's UCITS structure matters for Indian investors
SNAZ 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 SNAZ from India?
Yes. Indian residents can buy iShares JP Morgan EM Corp Bond UCITS ETF AccumHedged (SNAZ) 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 SNAZ invest in?
iShares JP Morgan EM Corp Bond UCITS ETF AccumHedged holds 1,292 securities. Its largest holdings are DIGICEL INTERNATIONAL FINANCE LTD RegS 8.63% 08/01/2032 (DIGDIF) (0.4%), SANDS CHINA LTD 5.40% 08/08/2028 (SANLTD) (0.4%) and ECOPETROL SA 8.88% 01/13/2033 (ECOPET) (0.3%). Industrial is its largest sector at 42.8%. The fund is domiciled in Ireland.
What is the expense ratio of SNAZ?
iShares JP Morgan EM Corp Bond UCITS ETF AccumHedged has an expense ratio of 0.53% a year, taken from the fund's assets rather than billed to you. The fund manages about €228.4M.
Is SNAZ a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares JP Morgan EM Corp Bond UCITS ETF AccumHedged 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 SNAZ?
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.