London Stock Exchange ETF segment · UCITS ETF
Invest in XSOE ETF from India
Indian and foreign residents can buy WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE) units directly through Paasa.
By Paasa · Updated
XSOE at a glance
- Price
- $32.50-$0.13 (0.38%)
- Expense ratio
- 0.32%
- Day range
- $32.48 – $33.02
- Assets
- $22.9M
- Domicile
- Ireland
- Holdings
- 683
- Launched
- 2021
- Dividends
- Accumulating
- 1 month
- -2.17%
- 6 months
- +19.48%
- YTD
- +16.65%
- 1 year
- +24.08%
- 5 years
- +33.24%
Price change, excluding dividends.
Top 10 holdings
- 1Taiwan Semiconductor Manufacturing Co Ltd10.4%
- 2Samsung Electronics Co Ltd7.8%
- 3SK Hynix Inc5.2%
- 4Alibaba Group Holding Ltd2.7%
- 5MediaTek Inc2.2%
- 6Al Rajhi Bank1.1%
- 7Reliance Industries Ltd0.9%
- 8Hdfc Bank Limited0.9%
- 9Bharti Airtel Ltd0.9%
- 10Delta Electronics Inc0.9%
XSOE holds 683 securities in total. These 10 are 33.0% of the fund.
Where the money is invested
Sectors
- Technology38.7%
- Financial Services16.7%
- Consumer Cyclical13.6%
- Industrials8.1%
- Communication Services5.5%
- Basic Materials5.2%
Countries
- Taiwan (Province of China)25.2%
- Korea (the Republic of)21.1%
- China16.6%
- India13.9%
- Other5.0%
- South Africa3.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XSOEAMEXWisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 0.32% | 2.1B |
Assets are shown in each fund's own reporting currency.
How to invest in XSOE 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.
Step 3
Search XSOE and buy
Find the fund by its ticker, XSOE, on the London Stock Exchange ETF segment, and place your order.
Why invest in XSOE from India
What XSOE holds
This fund aims to emulate the total returns, encompassing both capital appreciation and income, of the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened Index, before accounting for its own fees and operational expenses.
Outside US estate tax
XSOE is domiciled in Ireland, 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 XSOE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
XSOE is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 XSOE's UCITS structure matters for Indian investors
XSOE 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 XSOE from India?
Yes. Indian residents can buy WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 XSOE invest in?
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF holds 683 securities. Its largest holdings are Taiwan Semiconductor Manufacturing Co Ltd (10.4%), Samsung Electronics Co Ltd (7.8%) and SK Hynix Inc (5.2%). Technology is its largest sector at 38.7%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of XSOE?
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF has an expense ratio of 0.32% a year, taken from the fund's assets rather than billed to you. The fund manages about $22.9M.
Is XSOE a UCITS ETF, and why does that matter for Indian investors?
Yes. WisdomTree Emerging Markets ex-State-Owned Enterprises 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.
Does XSOE pay dividends?
No. WisdomTree Emerging Markets ex-State-Owned Enterprises 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 XSOE?
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 USD/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.