London Stock Exchange ETF segment · UCITS ETF
Invest in UBXX ETF from India
Indian and foreign residents can buy UBS J.P. Morgan EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX) units directly through Paasa.
By Paasa · Updated
UBXX at a glance
- Price
- £8.12-£0.02 (0.29%)
- Expense ratio
- 0.38%
- Day range
- £8.12 – £8.16
- Assets
- £343.6M
- Domicile
- Luxembourg
- Holdings
- 833
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -1.74%
- 6 months
- -2.20%
- YTD
- -5.19%
- 1 year
- -3.02%
- 5 years
- -30.04%
Price change, excluding dividends.
Top 10 holdings
- 1ARGENT 0 3/4 07/09/301.6%
- 2MEXPCP 5 1/2 08/17/300.7%
- 3POLAND 4 7/8 02/12/300.6%
- 4PERU 2.783 01/23/310.6%
- 5REPHUN 6 1/8 05/22/280.5%
- 6OMAN 5 5/8 01/17/280.5%
- 7GHANA 5 07/03/290.5%
- 8PETMK 3 1/2 04/21/300.5%
- 9PHILIP 9.5 02/02/300.5%
- 10ROMANI 5 7/8 01/30/290.5%
UBXX holds 833 securities in total. These 10 are 6.5% of the fund.
Where the money is invested
Sectors
- Corporate53.9%
- Government43.6%
Countries
- Cayman Islands8.1%
- United Kingdom4.2%
- Hong Kong3.8%
- Indonesia2.8%
- Mexico2.8%
- Turkey2.8%
How to invest in UBXX 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 UBXX and buy
Find the fund by its ticker, UBXX, on the London Stock Exchange ETF segment, and place your order.
Why invest in UBXX from India
What UBXX holds
This fund aims to replicate the performance of its underlying index by investing directly in its constituent securities. Its primary focus is on short-duration debt issued by eligible emerging market sovereign, quasi-sovereign, and corporate entities, which are identified within the EMBI and CEMBI benchmarks.
Outside US estate tax
UBXX 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 UBXX's UCITS structure matters for Indian investors
UBXX 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 UBXX from India?
Yes. Indian residents can buy UBS J.P. Morgan EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX) 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 UBXX invest in?
UBS J.P. Morgan EM Diversified Bond 1-5 UCITS ETF hGBP dis holds 833 securities. Its largest holdings are ARGENT 0 3/4 07/09/30 (1.6%), MEXPCP 5 1/2 08/17/30 (0.7%) and POLAND 4 7/8 02/12/30 (0.6%). Corporate is its largest sector at 53.9%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of UBXX?
UBS J.P. Morgan EM Diversified Bond 1-5 UCITS ETF hGBP dis has an expense ratio of 0.38% a year, taken from the fund's assets rather than billed to you. The fund manages about £343.6M.
Is UBXX a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS J.P. Morgan EM Diversified Bond 1-5 UCITS ETF hGBP 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 UBXX dividends taxed in India?
UBS J.P. Morgan EM Diversified Bond 1-5 UCITS ETF hGBP 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 UBXX?
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 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.