London Stock Exchange ETF segment · UCITS ETF
Invest in UB39 ETF from India
Indian and foreign residents can buy UBS ETF SICAV - UBS ETF - MSCI EMU Socially Responsible UCITS ETF A Distribution (UB39) units directly through Paasa.
By Paasa · Updated
UB39 at a glance
- Price
- £119.50-£1.79 (1.48%)
- Expense ratio
- 0.2%
- Day range
- £119.38 – £120.58
- Assets
- £1.1B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- -2.57%
- 6 months
- +6.42%
- YTD
- +1.00%
- 1 year
- +3.08%
- 5 years
- +21.75%
Price change, excluding dividends.
Top 10 holdings
- 1ING GROEP NV5.4%
- 2ASML HOLDING NV5.1%
- 3SAP SE5.1%
- 4SCHNEIDER ELECTRIC SE5.1%
- 5AXA SA4.5%
- 6DEUTSCHE BOERSE AG3.4%
- 7NOKIA OYJ3.2%
- 8HERMES INTERNATIONAL3.1%
- 9SOCIETE GENERALE SA3.0%
- 10CAIXABANK SA3.0%
These 10 are 40.9% of the fund.
Where the money is invested
Sectors
- Financial Services29.4%
- Industrials20.3%
- Technology18.7%
- Consumer Cyclical9.0%
- Consumer Defensive7.3%
- Healthcare6.5%
Countries
- France30.7%
- Netherlands24.9%
- Germany15.2%
- Finland7.6%
- Spain7.3%
- Italy5.1%
How to invest in UB39 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 UB39 and buy
Find the fund by its ticker, UB39, on the London Stock Exchange ETF segment, and place your order.
Why invest in UB39 from India
What UB39 holds
This fund primarily allocates capital to stocks included in the MSCI EMU SRI Low Carbon Select 5% Issuer Capped Total Return Net Index. The weighting of these companies within the fund is consistent with their representation in the index.
Outside US estate tax
UB39 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 UB39's UCITS structure matters for Indian investors
UB39 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 UB39 from India?
Yes. Indian residents can buy UBS ETF SICAV - UBS ETF - MSCI EMU Socially Responsible UCITS ETF A Distribution (UB39) 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 UB39 invest in?
Its largest holdings are ING GROEP NV (5.4%), ASML HOLDING NV (5.1%) and SAP SE (5.1%). Financial Services is its largest sector at 29.4%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of UB39?
UBS ETF SICAV - UBS ETF - MSCI EMU Socially Responsible UCITS ETF A Distribution has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.1B.
Is UB39 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS ETF SICAV - UBS ETF - MSCI EMU Socially Responsible UCITS ETF A Distribution 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 UB39 dividends taxed in India?
UBS ETF SICAV - UBS ETF - MSCI EMU Socially Responsible UCITS ETF A Distribution 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 UB39?
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.