XETRA · UCITS ETF
Invest in UETE ETF from India
Indian and foreign residents can buy UBS MSCI EM Socially Responsible UCITS ETF (UETE) units directly through Paasa.
By Paasa · Updated
UETE at a glance
- Price
- €25.36-€0.28 (1.09%)
- Expense ratio
- 0.24%
- Day range
- €25.30 – €25.66
- Assets
- €2.8B
- Domicile
- Luxembourg
- Holdings
- 240
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -6.06%
- 6 months
- -1.00%
- YTD
- +26.52%
- 1 year
- +26.65%
- 5 years
- +48.19%
Price change, excluding dividends.
Top 10 holdings
- 1MEDIATEK INC5.7%
- 2TAIWAN SEMICONDUCTOR MANUFAC5.3%
- 3SK HYNIX INC4.8%
- 4DELTA ELECTRONICS INC2.9%
- 5XIAOMI CORP-CLASS B2.5%
- 6IND & COMM BK OF CHINA-H2.5%
- 7ASE TECHNOLOGY HOL TWD102.4%
- 8BHARTI AIRTEL LTD2.4%
- 9SK SQUARE CO LTD2.1%
- 10MEITUAN-CLASS B1.8%
UETE holds 240 securities in total. These 10 are 32.2% of the fund.
Where the money is invested
Sectors
- Technology37.4%
- Financial Services25.1%
- Consumer Cyclical11.2%
- Communication Services8.9%
- Industrials5.4%
- Healthcare3.6%
Countries
- Taiwan30.4%
- China22.1%
- South Korea15.3%
- India9.8%
- South Africa8.8%
- Mexico2.7%
How to invest in UETE 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 UETE and buy
Find the fund by its ticker, UETE, on XETRA, and place your order.
Why invest in UETE from India
What UETE holds
Fund aims to track, before expenses, the price and income performance of the MSCI Emerging Markets SRI 5% Issuer Capped Index
Outside US estate tax
UETE 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 UETE'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 UETE's UCITS structure matters for Indian investors
UETE 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 UETE from India?
Yes. Indian residents can buy UBS MSCI EM Socially Responsible UCITS ETF (UETE) 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 UETE invest in?
UBS MSCI EM Socially Responsible UCITS ETF holds 240 securities. Its largest holdings are MEDIATEK INC (5.7%), TAIWAN SEMICONDUCTOR MANUFAC (5.3%) and SK HYNIX INC (4.8%). Technology is its largest sector at 37.4%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of UETE?
UBS MSCI EM Socially Responsible UCITS ETF has an expense ratio of 0.24% a year, taken from the fund's assets rather than billed to you. The fund manages about €2.8B.
Is UETE a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS MSCI EM Socially Responsible UCITS ETF 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 UETE pay dividends?
No. UBS MSCI EM Socially Responsible UCITS ETF 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 UETE?
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 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.