London Stock Exchange ETF segment · UCITS ETF
Invest in UB17 ETF from India
Indian and foreign residents can buy UBS MSCI EMU Value UCITS ETF dis (UB17) units directly through Paasa.
By Paasa · Updated
UB17 at a glance
- Price
- £52.73-£1.29 (2.38%)
- Expense ratio
- 0.25%
- Day range
- £52.73 – £53.09
- Assets
- £351.9M
- Domicile
- Luxembourg
- Holdings
- 146
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -5.14%
- 6 months
- +3.56%
- YTD
- +3.38%
- 1 year
- +12.09%
- 5 years
- +60.98%
Price change, excluding dividends.
Top 10 holdings
- 1ALLIANZ SE-REG4.6%
- 2TOTALENERGIES SE4.5%
- 3BANCO BILBAO VIZCAYA ARGENTA4.1%
- 4SIEMENS AG-REG3.8%
- 5IBERDROLA SA3.7%
- 6BANCO SANTANDER SA3.4%
- 7UNICREDIT SPA3.3%
- 8BNP PARIBAS2.8%
- 9INTESA SANPAOLO2.8%
- 10ING GROEP NV2.7%
UB17 holds 146 securities in total. These 10 are 35.7% of the fund.
Where the money is invested
Sectors
- Financial Services45.7%
- Utilities10.7%
- Industrials8.8%
- Energy6.5%
- Healthcare6.1%
- Consumer Defensive5.7%
Countries
- France26.4%
- Germany24.0%
- Spain15.5%
- Italy13.4%
- Netherlands8.6%
- Finland4.6%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| UIMEXETRAUBS MSCI EMU Value UCITS ETF EUR dis | 0.25% | 4.1M |
Assets are shown in each fund's own reporting currency.
How to invest in UB17 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 GBP when you buy.
Step 3
Search UB17 and buy
Find the fund by its ticker, UB17, on the London Stock Exchange ETF segment, and place your order.
Why invest in UB17 from India
What UB17 holds
The sub-fund UBS (Lux) Fund Solutions - MSCI EMU Value UCITS ETF becomes passively managed and has a proportional exposure to the components of the MSCI EMU Value Index (Net Return).
Outside US estate tax
UB17 is domiciled in Luxembourg, 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 UB17's UCITS structure matters for Indian investors
UB17 is domiciled in Luxembourg, 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 UB17 from India?
Yes. Indian residents can buy UBS MSCI EMU Value UCITS ETF dis (UB17) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 UB17 invest in?
UBS MSCI EMU Value UCITS ETF dis holds 146 securities. Its largest holdings are ALLIANZ SE-REG (4.6%), TOTALENERGIES SE (4.5%) and BANCO BILBAO VIZCAYA ARGENTA (4.1%). Financial Services is its largest sector at 45.7%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of UB17?
UBS MSCI EMU Value UCITS ETF dis has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about £351.9M.
Is UB17 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS MSCI EMU Value UCITS ETF dis is a UCITS fund domiciled in Luxembourg. 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 UB17 dividends taxed in India?
UBS MSCI EMU Value UCITS ETF dis 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 UB17?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the GBP/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.