London Stock Exchange ETF segment · UCITS ETF
Invest in XUEM ETF from India
Indian and foreign residents can buy Xtrackers II J.P. Morgan Emerging Markets Bond UCITS ETF (XUEM) units directly through Paasa.
By Paasa · Updated
XUEM at a glance
- Price
- $11.65+$0.02 (0.17%)
- Expense ratio
- 0.25%
- Day range
- $11.63 – $11.65
- Assets
- $426.0M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2008
- Dividends
- Distributing
- 1 month
- +2.19%
- 6 months
- -3.80%
- YTD
- -3.56%
- 1 year
- -3.40%
- 5 years
- -18.76%
Price change, excluding dividends.
Top 10 holdings
- 1ARGENTINA REPUBLIC OF GOVERNMENT0.9%
- 2ECUADOR REPUBLIC OF (GOVERNMENT)0.6%
- 3ARGENTINA REPUBLIC OF GOVERNMENT0.5%
- 4ARGENTINA REPUBLIC OF GOVERNMENT0.5%
- 5GHANA (REPUBLIC OF)0.5%
- 6ARGENTINA REPUBLIC OF GOVERNMENT0.4%
- 7EAGLE FUNDING LUXCO SARL0.4%
- 8UKRAINE (REPUBLIC OF) C BONDS0.4%
- 9URUGUAY (ORIENTAL REPUBLIC OF)0.4%
- 10OMAN SULTANATE OF (GOVERNMENT)0.4%
These 10 are 5.2% of the fund.
Where the money is invested
Countries
- Mexico5.0%
- Turkey4.3%
- Indonesia4.2%
- Brazil3.4%
- Saudi Arabia3.2%
- Chile3.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XUEBLSEXtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF 2C | 0.25% | 426.0M |
Assets are shown in each fund's own reporting currency.
How to invest in XUEM 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 XUEM and buy
Find the fund by its ticker, XUEM, on the London Stock Exchange ETF segment, and place your order.
Why invest in XUEM from India
What XUEM holds
The J.P. Morgan Emerging Markets Bond Index Global Diversified 1Bn Country tracks the performance of US dollar-denominated fixed and variable-rate debt instruments issued by national governments and government-affiliated bodies in developing economies.
Outside US estate tax
XUEM is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
XUEM 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 XUEM's UCITS structure matters for Indian investors
XUEM 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 XUEM from India?
Yes. Indian residents can buy Xtrackers II J.P. Morgan Emerging Markets Bond UCITS ETF (XUEM) 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 XUEM invest in?
Its largest holdings are ARGENTINA REPUBLIC OF GOVERNMENT (0.9%), ECUADOR REPUBLIC OF (GOVERNMENT) (0.6%) and ARGENTINA REPUBLIC OF GOVERNMENT (0.5%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of XUEM?
Xtrackers II J.P. Morgan Emerging Markets Bond UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $426.0M.
Is XUEM a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers II J.P. Morgan Emerging Markets Bond 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.
How are XUEM dividends taxed in India?
Xtrackers II J.P. Morgan Emerging Markets 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 XUEM?
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 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.