Euronext Amsterdam · UCITS ETF
Invest in WOOE ETF from India
Indian and foreign residents can buy iShares Global Timber & Forestry UCITS ETF (WOOE) units directly through Paasa.
By Paasa · Updated
WOOE at a glance
- Price
- €22.75-€0.12 (0.52%)
- Expense ratio
- 0.65%
- Day range
- €22.75 – €22.92
- Assets
- €5.2M
- Domicile
- Ireland
- Holdings
- 25
- Launched
- 2021
- Dividends
- —
- 1 month
- +0.55%
- 6 months
- +3.43%
- YTD
- -3.07%
- 1 year
- +1.02%
- 5 years
- -26.48%
Price change, excluding dividends.
Top 10 holdings
- 1SUZANO SA9.2%
- 2WEYERHAEUSER REIT8.3%
- 3SVENSKA CELLULOSA B5.4%
- 4SYLVAMO CORP5.1%
- 5WEST FRASER TIMBER4.9%
- 6RAYONIER REIT4.9%
- 7HOLMEN CLASS B4.6%
- 8NINE DRAGONS PAPER HOLDINGS LTD4.6%
- 9SHANDONG SUNPAPER LTD A4.6%
- 10OJI HOLDINGS4.4%
WOOE holds 25 securities in total. These 10 are 56.0% of the fund.
Where the money is invested
Sectors
- Basic Materials70.3%
- Consumer Cyclical16.3%
- Real Estate13.3%
Countries
- United States18.6%
- Brazil14.0%
- Japan12.8%
- Sweden12.5%
- China9.4%
- Finland8.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| WOODNASDAQiShares Global Timber & Forestry ETF | 0.39% | 249.7M |
| WOODLSEiShares Global Timber & Forestry UCITS ETF | 0.65% | 54.4M |
Assets are shown in each fund's own reporting currency.
How to invest in WOOE 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 WOOE and buy
Find the fund by its ticker, WOOE, on Euronext Amsterdam, and place your order.
Why invest in WOOE from India
What WOOE holds
The primary objective of this Fund is to generate returns for investors, combining appreciation in asset value with income, by closely tracking the performance of the S&P Global Timber & Forestry Index.
Outside US estate tax
WOOE 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 WOOE's UCITS structure matters for Indian investors
WOOE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy WOOE from India?
Yes. Indian residents can buy iShares Global Timber & Forestry UCITS ETF (WOOE) through Paasa. It is listed on Euronext Amsterdam 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 WOOE invest in?
iShares Global Timber & Forestry UCITS ETF holds 25 securities. Its largest holdings are SUZANO SA (9.2%), WEYERHAEUSER REIT (8.3%) and SVENSKA CELLULOSA B (5.4%). Basic Materials is its largest sector at 70.3%. The fund is domiciled in Ireland.
What is the expense ratio of WOOE?
iShares Global Timber & Forestry UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about €5.2M.
Is WOOE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Global Timber & Forestry 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. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell WOOE?
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.