Euronext Amsterdam · UCITS ETF
Invest in XUSE ETF from India
Indian and foreign residents can buy iShares MSCI World ex-USA UCITS ETF (XUSE) units directly through Paasa.
By Paasa · Updated
XUSE at a glance
- Price
- $7.07-$0.03 (0.38%)
- Expense ratio
- 0.15%
- Day range
- $7.07 – $7.17
- Assets
- $3.8B
- Domicile
- Ireland
- Holdings
- 732
- Launched
- 2025
- Dividends
- Accumulating
- 1 month
- +1.13%
- 6 months
- +2.30%
- YTD
- +9.43%
- 1 year
- +14.39%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING2.4%
- 2ROCHE PS PAR AG1.4%
- 3HSBC HOLDINGS PLC1.3%
- 4NOVARTIS AG1.2%
- 5SHELL1.2%
- 6ASTRAZENECA PLC1.2%
- 7ROYAL BANK OF CANADA1.2%
- 8NESTLE SA1.1%
- 9SAP1.0%
- 10MITSUBISHI UFJ FINANCIAL GROUP0.9%
XUSE holds 732 securities in total. These 10 are 12.7% of the fund.
Where the money is invested
Sectors
- Financials27.6%
- Industrials16.9%
- Health Care10.0%
- Information Technology9.1%
- Consumer Discretionary7.9%
- Materials7.1%
Countries
- Japan20.8%
- Canada12.5%
- United Kingdom12.3%
- Switzerland9.0%
- Germany7.8%
- France7.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EXUSLSEXtrackers MSCI World ex USA UCITS ETF 1C | 0.15% | 8.3B |
| WEXUXETRAAmundi MSCI World Ex USA ETF Acc | 0.15% | 919.3M |
Assets are shown in each fund's own reporting currency.
How to invest in XUSE 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 XUSE and buy
Find the fund by its ticker, XUSE, on Euronext Amsterdam, and place your order.
Why invest in XUSE from India
What XUSE holds
This fund aims to achieve a total return that reflects the performance of the MSCI World ex USA Index, which tracks large and mid-cap stocks from developed markets worldwide, excluding the United States. The fund is passively managed and seeks to invest in the equity securities that make up the index, holding them in similar proportions.
Outside US estate tax
XUSE 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 XUSE'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
XUSE 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 XUSE's UCITS structure matters for Indian investors
XUSE 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 XUSE from India?
Yes. Indian residents can buy iShares MSCI World ex-USA UCITS ETF (XUSE) through Paasa. It is listed on Euronext Amsterdam 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 XUSE invest in?
iShares MSCI World ex-USA UCITS ETF holds 732 securities. Its largest holdings are ASML HOLDING (2.4%), ROCHE PS PAR AG (1.4%) and HSBC HOLDINGS PLC (1.3%). Financials is its largest sector at 27.6%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of XUSE?
iShares MSCI World ex-USA UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.8B.
Is XUSE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI World ex-USA 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 XUSE pay dividends?
No. iShares MSCI World ex-USA 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 XUSE?
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.