London Stock Exchange ETF segment · UCITS ETF
Invest in XMEU ETF from India
Indian and foreign residents can buy Xtrackers MSCI Europe UCITS ETF (XMEU) units directly through Paasa.
By Paasa · Updated
XMEU at a glance
- Price
- £99.36-£1.45 (1.44%)
- Expense ratio
- 0.12%
- Day range
- £99.29 – £99.98
- Assets
- £7.2B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- -3.39%
- 6 months
- +4.98%
- YTD
- +6.21%
- 1 year
- +11.72%
- 5 years
- +60.97%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING5.1%
- 2HSBC HOLDINGS PLC2.5%
- 3ROCHE PS PAR AG2.1%
- 4SHELL2.0%
- 5NOVARTIS AG1.9%
- 6ASTRAZENECA PLC1.8%
- 7NESTLE SA1.7%
- 8SIEMENS N AG1.7%
- 9SAP1.6%
- 10BANCO SANTANDER1.5%
These 10 are 21.9% of the fund.
Where the money is invested
Sectors
- Financial Services25.5%
- Industrials19.3%
- Healthcare12.9%
- Technology9.3%
- Consumer Defensive7.9%
- Consumer Cyclical6.3%
Countries
- United Kingdom21.6%
- Switzerland15.2%
- Germany13.6%
- France13.3%
- Netherlands10.4%
- Spain6.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SMEALSEiShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.12% | 13.6B |
| IMEULSEiShares Core MSCI Europe UCITS ETF | 0.12% | 9.0B |
| CE2DLSEAmundi Core MSCI Europe UCITS ETF Dist | 0.12% | 7.1B |
| IEURAMEXiShares Core MSCI Europe ETF | 0.1% | 9.4B |
| HMEULSEHSBC MSCI Europe UCITS ETF EUR | 0.1% | 384.3M |
Assets are shown in each fund's own reporting currency.
How to invest in XMEU 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 XMEU and buy
Find the fund by its ticker, XMEU, on the London Stock Exchange ETF segment, and place your order.
Why invest in XMEU from India
What XMEU holds
The aim is for your investment to reflect the performance of the MSCI Total Return Net Europe Index (the Reference Index) which is designed to reflect the performance of the shares of certain companies in European developed markets. The companies making up the Reference Index are large and medium sized companies.
Outside US estate tax
XMEU is domiciled in Luxembourg, 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 XMEU's UCITS structure matters for Indian investors
XMEU 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 XMEU from India?
Yes. Indian residents can buy Xtrackers MSCI Europe UCITS ETF (XMEU) 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 XMEU invest in?
Its largest holdings are ASML HOLDING (5.1%), HSBC HOLDINGS PLC (2.5%) and ROCHE PS PAR AG (2.1%). Financial Services is its largest sector at 25.5%. The fund is domiciled in Luxembourg.
What is the expense ratio of XMEU?
Xtrackers MSCI Europe UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about £7.2B.
Is XMEU a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Europe 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.
What tax do I pay in India when I sell XMEU?
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.