XETRA · UCITS ETF
Invest in WTEB ETF from India
Indian and foreign residents can buy WisdomTree AT1 CoCo Bond UCITS ETF (WTEB) units directly through Paasa.
By Paasa · Updated
WTEB at a glance
- Price
- €82.32-€0.14 (0.16%)
- Expense ratio
- 0.39%
- Day range
- €82.06 – €82.57
- Assets
- €463.5M
- Domicile
- Ireland
- Holdings
- 157
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -1.90%
- 6 months
- -1.16%
- YTD
- -4.38%
- 1 year
- -4.54%
- 5 years
- -21.02%
Price change, excluding dividends.
Top 10 holdings
- 1Deutsche Bank AG VAR 30/04/756.5%
- 2UniCredit SpA VAR 03/06/752.4%
- 3Credit Agricole SA VAR 23/03/752.2%
- 4Nationwide Building Society VAR 20/12/742.0%
- 5Erste Group Bank AG VAR 15/10/742.0%
- 6ING Groep NV VAR 16/05/751.9%
- 7Barclays PLC VAR 15/09/751.5%
- 8UniCredit SpA VAR 03/12/741.5%
- 9NatWest Group PLC VAR 31/12/741.4%
- 10ABN AMRO Bank NV VAR 22/03/751.4%
WTEB holds 157 securities in total. These 10 are 22.8% of the fund.
Where the money is invested
Sectors
- Corporate99.4%
- Government0.2%
Countries
- United Kingdom29.3%
- France16.5%
- Spain13.5%
- Netherlands9.0%
- Italy8.8%
- Germany8.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| AT1LSEInvesco USD AT1 CoCo Bond UCITS ETF | 0.39% | 1.6B |
| XAT1XETRAInvesco USD AT1 CoCo Bond UCITS ETF | 0.39% | 1.4B |
| AT1SLSEInvesco USD AT1 CoCo Bond UCITS ETF | 0.39% | 1.2B |
| CCBOLSEWisdomTree AT1 CoCo Bond UCITS ETF - USD | 0.39% | 463.5M |
| COCBLSEWisdomTree AT1 CoCo Bond UCITS ETF - USD Acc | 0.39% | 463.5M |
Assets are shown in each fund's own reporting currency.
How to invest in WTEB 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 WTEB and buy
Find the fund by its ticker, WTEB, on XETRA, and place your order.
Why invest in WTEB from India
What WTEB holds
This fund is designed to mirror the financial performance of the iBoxx Contingent Convertible Liquid Developed Europe AT1 Index EUR Hedged (the 'Index'), excluding any associated fees and expenses.
Outside US estate tax
WTEB 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 WTEB's UCITS structure matters for Indian investors
WTEB 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 WTEB from India?
Yes. Indian residents can buy WisdomTree AT1 CoCo Bond UCITS ETF (WTEB) 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 WTEB invest in?
WisdomTree AT1 CoCo Bond UCITS ETF holds 157 securities. Its largest holdings are Deutsche Bank AG VAR 30/04/75 (6.5%), UniCredit SpA VAR 03/06/75 (2.4%) and Credit Agricole SA VAR 23/03/75 (2.2%). Government is its largest sector at 0.2%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of WTEB?
WisdomTree AT1 CoCo Bond UCITS ETF has an expense ratio of 0.39% a year, taken from the fund's assets rather than billed to you. The fund manages about €463.5M.
Is WTEB a UCITS ETF, and why does that matter for Indian investors?
Yes. WisdomTree AT1 CoCo Bond 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.
How are WTEB dividends taxed in India?
WisdomTree AT1 CoCo Bond UCITS ETF 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 WTEB?
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.