XETRA · UCITS ETF
Invest in SPF2 ETF from India
Indian and foreign residents can buy State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF (SPF2) units directly through Paasa.
By Paasa · Updated
SPF2 at a glance
- Price
- $45.20-$0.01 (0.02%)
- Expense ratio
- 0.55%
- Day range
- $45.17 – $45.30
- Assets
- $3.1B
- Domicile
- Ireland
- Holdings
- 357
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- -1.50%
- 6 months
- +10.95%
- YTD
- +12.50%
- 1 year
- +17.69%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ALIBABA GROUP HOLDING 0.5 06/01/20312.0%
- 2ECHOSTAR CORP 3.875 11/30/20301.8%
- 3PING AN INSURANCE GROUP 0.875 07/22/20291.6%
- 4Cash_USD1.4%
- 5GOLD POLE CAPITAL CO LTD 1 06/25/20291.1%
- 6CLOUDFLARE INC 0 06/15/20301.0%
- 7ALIBABA GROUP HOLDING 0 09/15/20320.9%
- 8DOORDASH INC 0 05/15/20300.8%
- 9MKS INSTRUMENTS INC 1.25 06/01/20300.8%
- 10SNOWFLAKE INC 0 10/01/20290.8%
SPF2 holds 357 securities in total. These 10 are 12.4% of the fund.
Where the money is invested
Countries
- United States51.2%
- China10.2%
- Japan7.4%
- Taiwan4.3%
- Germany3.9%
- Hong Kong3.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SPF1XETRAState Street SPDR FTSE Global Convertible Bond EUR Hdg UCITS ETF (Acc) | 0.55% | 2.7B |
| GCVCSIXState Street SPDR FTSE Global Convertible Bond CHF Hdg UCITS ETF (Acc) | 0.55% | 2.6B |
| GCVGLSEState Street SPDR FTSE Global Convertible Bond GBP Hdg UCITS ETF (Inc) | 0.55% | 2.3B |
Assets are shown in each fund's own reporting currency.
How to invest in SPF2 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 SPF2 and buy
Find the fund by its ticker, SPF2, on XETRA, and place your order.
Why invest in SPF2 from India
What SPF2 holds
The objective of the Fund is to track the performance of the global convertible bond market. The Fund seeks to track the performance of the FTSE Qualified Global Convertible Index (the Index) as closely as possible.
Outside US estate tax
SPF2 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
SPF2 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 SPF2's UCITS structure matters for Indian investors
SPF2 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 SPF2 from India?
Yes. Indian residents can buy State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF (SPF2) through Paasa. It is listed on XETRA 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 SPF2 invest in?
State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF holds 357 securities. Its largest holdings are ALIBABA GROUP HOLDING 0.5 06/01/2031 (2.0%), ECHOSTAR CORP 3.875 11/30/2030 (1.8%) and PING AN INSURANCE GROUP 0.875 07/22/2029 (1.6%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of SPF2?
State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.1B.
Is SPF2 a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR FTSE Global Convertible Bond Hdg 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 SPF2 dividends taxed in India?
State Street SPDR FTSE Global Convertible Bond Hdg 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 SPF2?
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.