XETRA · UCITS ETF
Invest in SPFA ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA) units directly through Paasa.
By Paasa · Updated
SPFA at a glance
- Price
- €30.77+€0.02 (0.06%)
- Expense ratio
- 0.55%
- Day range
- €30.66 – €30.77
- Assets
- €1.5B
- Domicile
- Ireland
- Holdings
- 655
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- +0.32%
- 6 months
- +3.98%
- YTD
- +3.07%
- 1 year
- +4.83%
- 5 years
- +10.08%
Price change, excluding dividends.
Top 10 holdings
- 1LETRA TESOURO NACIONAL 0 01/01/20291.0%
- 2MEX BONOS DESARR FIX RT 8.5 03/01/20290.8%
- 3NOTA DO TESOURO NACIONAL 10 01/01/20290.8%
- 4NOTA DO TESOURO NACIONAL 10 01/01/20310.7%
- 5MEX BONOS DESARR FIX RT 8.5 02/28/20300.7%
- 6REPUBLIC OF SOUTH AFRICA 8.75 02/28/20480.7%
- 7LETRA TESOURO NACIONAL 0 07/01/20290.7%
- 8LETRA TESOURO NACIONAL 0 01/01/20320.7%
- 9MEX BONOS DESARR FIX RT 8.5 05/31/20290.7%
- 10MEX BONOS DESARR FIX RT 8.5 03/02/20280.7%
SPFA holds 655 securities in total. These 10 are 7.5% of the fund.
Where the money is invested
Sectors
- Government99.8%
- Corporate0.2%
Countries
- China10.3%
- South Korea10.2%
- India9.1%
- Mexico8.1%
- Malaysia8.0%
- Indonesia7.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EMDDLSEState Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) | 0.55% | 1.7B |
| SPFDXETRAState Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | 0.6% | 1.5B |
Assets are shown in each fund's own reporting currency.
How to invest in SPFA 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 SPFA and buy
Find the fund by its ticker, SPFA, on XETRA, and place your order.
Why invest in SPFA from India
What SPFA holds
The Fund's primary goal is to mirror the financial performance of emerging market bonds, specifically those issued in local currencies and deemed suitable for investment.
Outside US estate tax
SPFA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from SPFA's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 SPFA's UCITS structure matters for Indian investors
SPFA 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 SPFA from India?
Yes. Indian residents can buy State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA) 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 SPFA invest in?
State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF holds 655 securities. Its largest holdings are LETRA TESOURO NACIONAL 0 01/01/2029 (1.0%), MEX BONOS DESARR FIX RT 8.5 03/01/2029 (0.8%) and NOTA DO TESOURO NACIONAL 10 01/01/2029 (0.8%). Corporate is its largest sector at 0.2%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of SPFA?
State Street SPDR Bloomberg Emerging Markets Local Bond 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 €1.5B.
Is SPFA a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg Emerging Markets Local 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.
Does SPFA pay dividends?
No. State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell SPFA?
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.