XETRA · UCITS ETF
Invest in UEEG ETF from India
Indian and foreign residents can buy iShares $ Development Bank Bonds UCITS ETF (UEEG) units directly through Paasa.
By Paasa · Updated
UEEG at a glance
- Price
- €4.60-€0.01 (0.23%)
- Expense ratio
- 0.18%
- Day range
- €4.58 – €4.62
- Assets
- €155.3M
- Domicile
- Ireland
- Holdings
- 100
- Launched
- 2020
- Dividends
- —
- 1 month
- -2.03%
- 6 months
- -2.23%
- YTD
- -3.06%
- 1 year
- -2.03%
- 5 years
- -6.42%
Price change, excluding dividends.
Top 10 holdings
- 1ASIAN DEVELOPMENT BANK MTN 1.75% 09/19/2029 (ASIA)2.7%
- 2ASIAN DEVELOPMENT BANK MTN 4.38% 01/14/2028 (ASIA)2.6%
- 3INTERNATIONAL DEVELOPMENT ASSOCIAT 144A 4.88% 11/01/2028 (IDAWBG)2.4%
- 4INTER-AMERICAN DEVELOPMENT BANK 3.13% 09/18/2028 (IADB)2.1%
- 5INTERNATIONAL BANK FOR RECONSTRUCT MTN 1.38% 04/20/2028 (IBRD)2.0%
- 6INTER-AMERICAN DEVELOPMENT BANK 4.50% 02/15/2030 (IADB)2.0%
- 7INTERNATIONAL BANK FOR RECONSTRUCT MTN 4.00% 05/06/2032 (IBRD)2.0%
- 8ASIAN DEVELOPMENT BANK MTN 3.75% 08/28/2030 (ASIA)2.0%
- 9INTER-AMERICAN DEVELOPMENT BANK MTN 4.25% 08/11/2031 (IADB)1.9%
- 10INTER-AMERICAN DEVELOPMENT BANK 1.13% 01/13/2031 (IADB)1.9%
UEEG holds 100 securities in total. These 10 are 21.6% of the fund.
Where the money is invested
Countries
- United States64.8%
- Philippines24.7%
- Ivory Coast6.7%
- United Kingdom3.5%
- Ireland0.3%
- Other0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| DDBBAMSiShares USD Development Bank Bonds UCITS ETF | 0.15% | 28.2M |
Assets are shown in each fund's own reporting currency.
How to invest in UEEG 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 UEEG and buy
Find the fund by its ticker, UEEG, on XETRA, and place your order.
Why invest in UEEG from India
What UEEG holds
This fund's core objective is to replicate the investment performance of the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index.
Outside US estate tax
UEEG is domiciled in Ireland, 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 UEEG's UCITS structure matters for Indian investors
UEEG 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 UEEG from India?
Yes. Indian residents can buy iShares $ Development Bank Bonds UCITS ETF (UEEG) 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 UEEG invest in?
iShares $ Development Bank Bonds UCITS ETF holds 100 securities. Its largest holdings are ASIAN DEVELOPMENT BANK MTN 1.75% 09/19/2029 (ASIA) (2.7%), ASIAN DEVELOPMENT BANK MTN 4.38% 01/14/2028 (ASIA) (2.6%) and INTERNATIONAL DEVELOPMENT ASSOCIAT 144A 4.88% 11/01/2028 (IDAWBG) (2.4%). The fund is domiciled in Ireland.
What is the expense ratio of UEEG?
iShares $ Development Bank Bonds UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €155.3M.
Is UEEG a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares $ Development Bank Bonds 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.
What tax do I pay in India when I sell UEEG?
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.