London Stock Exchange ETF segment · UCITS ETF
Invest in UC87 ETF from India
Indian and foreign residents can buy UBS MSCI Canada UCITS ETF hGBP (UC87) units directly through Paasa.
By Paasa · Updated
UC87 at a glance
- Price
- £34.87-£0.38 (1.08%)
- Expense ratio
- 0.36%
- Day range
- £34.83 – £35.12
- Assets
- £1.7B
- Domicile
- Luxembourg
- Holdings
- 86
- Launched
- 2015
- Dividends
- Accumulating
- 1 month
- -2.13%
- 6 months
- +8.48%
- YTD
- +12.36%
- 1 year
- +20.10%
- 5 years
- +101.79%
Price change, excluding dividends.
Top 10 holdings
- 1ROYAL BANK OF CANADA9.2%
- 2TORONTO-DOMINION BANK6.6%
- 3SHOPIFY INC - CLASS A6.0%
- 4BANK OF MONTREAL3.9%
- 5BANK OF NOVA SCOTIA3.8%
- 6CAN IMPERIAL BK OF COMMERCE3.4%
- 7ENBRIDGE INC3.4%
- 8CANADIAN NATURAL RESOURCES3.3%
- 9AGNICO EAGLE MINES LTD3.1%
- 10SUNCOR ENERGY INC2.7%
UC87 holds 86 securities in total. These 10 are 45.3% of the fund.
Where the money is invested
Sectors
- Financial Services39.1%
- Energy17.7%
- Basic Materials16.0%
- Technology8.9%
- Industrials8.8%
- Consumer Cyclical3.4%
Countries
- Canada97.5%
- United States2.3%
- Other0.2%
How to invest in UC87 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 UC87 and buy
Find the fund by its ticker, UC87, on the London Stock Exchange ETF segment, and place your order.
Why invest in UC87 from India
What UC87 holds
This exchange-traded fund primarily invests in the equity securities that constitute the MSCI Canada Index. It aims to precisely mirror the index's composition, ensuring that the proportional allocation to each company within the fund directly reflects its weighting in the benchmark.
Outside US estate tax
UC87 is domiciled in Luxembourg, 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 UC87'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 UC87's UCITS structure matters for Indian investors
UC87 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 UC87 from India?
Yes. Indian residents can buy UBS MSCI Canada UCITS ETF hGBP (UC87) 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 UC87 invest in?
UBS MSCI Canada UCITS ETF hGBP holds 86 securities. Its largest holdings are ROYAL BANK OF CANADA (9.2%), TORONTO-DOMINION BANK (6.6%) and SHOPIFY INC - CLASS A (6.0%). Financial Services is its largest sector at 39.1%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of UC87?
UBS MSCI Canada UCITS ETF hGBP has an expense ratio of 0.36% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.7B.
Is UC87 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS MSCI Canada UCITS ETF hGBP 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.
Does UC87 pay dividends?
No. UBS MSCI Canada UCITS ETF hGBP 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 UC87?
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.