What is CSPX and where is it listed?

CSPX is the iShares Core S&P 500 UCITS ETF (Acc), a passive accumulating fund managed by BlackRock that tracks the S&P 500 Index. It is domiciled in Ireland and listed on the London Stock Exchange. Its total expense ratio is 0.07%.

Can expats in Kuwait buy CSPX?

Yes. Kuwait-based expats can access CSPX through internationally regulated brokers that provide access to the London Stock Exchange, such as Interactive Brokers (regulated by the SEC and FCA) and Saxo Bank. You should confirm that your chosen broker accepts clients resident in Kuwait before opening an account.

What is the minimum investment to buy CSPX?

CSPX is purchased one whole share at a time on brokers such as Interactive Brokers and Saxo. As of April 2026, each share traded at approximately USD 540-560 on the London Stock Exchange, making that the effective minimum for whole-share purchases on those platforms.

What does the 0.07% TER cost in dirhams over 10 years?

On a USD 10,000 initial position held flat, a 0.07% annual expense ratio equates to roughly USD 7 per year in cost drag, or approximately USD 70 over 10 years before compounding effects. In UAE dirham terms at a fixed rate of 3.67, that is approximately AED 257 over a decade - a low drag relative to actively managed or wealth-wrapped alternatives that often charge 100 basis points or more annually.

Is CSPX accumulating or distributing?

CSPX is an accumulating fund. Dividends received from the underlying S&P 500 constituents are reinvested inside the fund rather than paid out to investors. This means the share price compounds over time without requiring investors to manually reinvest distributions.

What has CSPX returned historically?

According to BlackRock data as of 30 June 2026, CSPX has delivered a 10-year total return of 295.22% in USD terms and an annualised return of 14.73% over 10 years. Past performance is not a reliable indicator of future results.

Does Kuwait tax investment returns on CSPX?

Kuwait does not levy personal income tax on individuals. Capital gains and investment income received by individual expat investors in Kuwait are therefore not subject to personal tax at the Kuwait level. Investors should seek independent tax advice to confirm their specific position.

Why do Gulf expats use Ireland-domiciled ETFs like CSPX rather than US-listed ETFs?

Ireland-domiciled UCITS ETFs such as CSPX benefit from the Ireland-US tax treaty, which reduces the withholding tax rate on US dividends received at the fund level. Gulf-based expats holding US-domiciled ETFs directly may face less favourable withholding treatment. Additionally, US-domiciled ETFs can carry estate tax considerations for non-US investors that Ireland-domiciled structures do not. Investors should confirm their position with a qualified adviser.

Is a 100% CSPX portfolio appropriate for every investor?

A portfolio consisting entirely of CSPX represents a concentrated allocation to US large-cap equities. That means exposure is tied closely to US market cycles, USD currency movements, and the performance of the largest companies in the S&P 500 index. Whether this concentration is appropriate depends on an individual investor's full financial picture, time horizon, and risk tolerance.

How to Buy CSPX from Kuwait (2026)

Short answer

Kuwait-based expats can buy CSPX - the iShares Core S&P 500 UCITS ETF (Acc), ISIN IE00B5BMR087 - through internationally regulated brokers such as Interactive Brokers (regulated by the SEC and FCA) and Saxo Bank. CSPX is listed on the London Stock Exchange, carries a total expense ratio of 0.07%, and is domiciled in Ireland.

Key facts

CSPX is the iShares Core S&P 500 UCITS ETF (Acc), managed by BlackRock, domiciled in Ireland, and listed on the London Stock Exchange with a total expense ratio of 0.07%.
As of August 2026, CSPX holds 504 positions replicating the S&P 500 index and has net assets of approximately USD 155 billion, according to iShares data.
CSPX is an accumulating fund - dividends are reinvested inside the fund rather than paid out - which suits Kuwait-based expats who do not require income distributions.
Kuwait levies no personal income tax on individuals, meaning capital gains and investment returns from CSPX are not subject to personal tax at the Kuwait level for individual investors.
Each CSPX share traded at approximately USD 540-560 on the London Stock Exchange as of April 2026, meaning whole-share purchases require a minimum outlay in that range on brokers such as Interactive Brokers and Saxo.

This guide summarises what is publicly known about iShares Core S&P 500 UCITS (CSPX) and lists brokers in our reference data that accept residents of Kuwait. Always verify the latest details on the issuer's fund page and on the broker's own website.

CSPX at a glance

Full name	iShares Core S&P 500 UCITS
Ticker	CSPX
ISIN	IE00B5BMR087
Issuer	BlackRock
TER	0.07%
Domicile	IE
Exchange	LSE
Distribution	Accumulating

About CSPX

CSPX - the iShares Core S&P 500 UCITS ETF (Acc) - is a passive, accumulating fund managed by BlackRock that replicates the performance of the S&P 500 Index, tracking the 500 largest publicly listed companies in the United States by market capitalisation. It is domiciled in Ireland, carries a total expense ratio of 0.07%, and is listed on the London Stock Exchange.

The general process

Choose a broker that accepts residents of Kuwait and lists CSPX on LSE. The reference table below lists candidates from our dataset.
Open and verify an account. Brokers typically ask for a government-issued ID, proof of address, and sometimes a bank statement. Exact document requirements and timelines vary - follow the broker's own instructions.
Fund the account using a method the broker supports. Available currencies and methods vary - check the broker's funding page.
Find CSPX on the broker's platform and confirm the correct exchange listing before trading.
Place your order. Order types and behaviour vary by venue. Read the broker's order-entry help before placing real trades.

This is general information, not investment advice. Investing involves risk including loss of capital.

Visit Interactive Brokers

Brokers in our reference data that list residents of Kuwait

Listed alphabetically. Confirm current eligibility, supported products, and fees on each broker's own website.

Broker	Regulator	Min. deposit	Fees
eToro	FCA CySEC ASIC	50 USD	Spreads no commission	Visit
Interactive Brokers	SEC FINRA FCA	None published	Low commissions tiered or fixed	Visit
Saxo Bank	DFSA FCA	None published	Mid-range with strong platform	Visit

Visit Interactive Brokers Visit Saxo Bank

Tax notes for Kuwait residents

Kuwait does not levy personal income tax on individuals, so capital gains and investment returns realised by individual expat investors in Kuwait are not subject to personal tax at the Kuwait level. Because CSPX is domiciled in Ireland and structured as a UCITS ETF, the fund benefits from the Ireland-US tax treaty, which reduces the withholding tax on US dividends received at the fund level. Individual investors in Kuwait do not file a US tax return solely by virtue of holding an Ireland-domiciled UCITS ETF. Investors should verify their personal tax position with a qualified adviser, as circumstances vary.

General information only. Tax rules change. Consult a qualified tax adviser licensed in your jurisdiction.

Frequently asked questions

What is CSPX and where is it listed?: CSPX is the iShares Core S&P 500 UCITS ETF (Acc), a passive accumulating fund managed by BlackRock that tracks the S&P 500 Index. It is domiciled in Ireland and listed on the London Stock Exchange. Its total expense ratio is 0.07%.
Can expats in Kuwait buy CSPX?: Yes. Kuwait-based expats can access CSPX through internationally regulated brokers that provide access to the London Stock Exchange, such as Interactive Brokers (regulated by the SEC and FCA) and Saxo Bank. You should confirm that your chosen broker accepts clients resident in Kuwait before opening an account.
What is the minimum investment to buy CSPX?: CSPX is purchased one whole share at a time on brokers such as Interactive Brokers and Saxo. As of April 2026, each share traded at approximately USD 540-560 on the London Stock Exchange, making that the effective minimum for whole-share purchases on those platforms.
What does the 0.07% TER cost in dirhams over 10 years?: On a USD 10,000 initial position held flat, a 0.07% annual expense ratio equates to roughly USD 7 per year in cost drag, or approximately USD 70 over 10 years before compounding effects. In UAE dirham terms at a fixed rate of 3.67, that is approximately AED 257 over a decade - a low drag relative to actively managed or wealth-wrapped alternatives that often charge 100 basis points or more annually.
Is CSPX accumulating or distributing?: CSPX is an accumulating fund. Dividends received from the underlying S&P 500 constituents are reinvested inside the fund rather than paid out to investors. This means the share price compounds over time without requiring investors to manually reinvest distributions.
What has CSPX returned historically?: According to BlackRock data as of 30 June 2026, CSPX has delivered a 10-year total return of 295.22% in USD terms and an annualised return of 14.73% over 10 years. Past performance is not a reliable indicator of future results.
Does Kuwait tax investment returns on CSPX?: Kuwait does not levy personal income tax on individuals. Capital gains and investment income received by individual expat investors in Kuwait are therefore not subject to personal tax at the Kuwait level. Investors should seek independent tax advice to confirm their specific position.
Why do Gulf expats use Ireland-domiciled ETFs like CSPX rather than US-listed ETFs?: Ireland-domiciled UCITS ETFs such as CSPX benefit from the Ireland-US tax treaty, which reduces the withholding tax rate on US dividends received at the fund level. Gulf-based expats holding US-domiciled ETFs directly may face less favourable withholding treatment. Additionally, US-domiciled ETFs can carry estate tax considerations for non-US investors that Ireland-domiciled structures do not. Investors should confirm their position with a qualified adviser.
Is a 100% CSPX portfolio appropriate for every investor?: A portfolio consisting entirely of CSPX represents a concentrated allocation to US large-cap equities. That means exposure is tied closely to US market cycles, USD currency movements, and the performance of the largest companies in the S&P 500 index. Whether this concentration is appropriate depends on an individual investor's full financial picture, time horizon, and risk tolerance.

Official sources

For regulatory information and official ETF documentation, see: Central Bank of Ireland - UCITS regulation.

How to buy CSPX from Kuwait as an expat