Invesco Materials S&P US Select Sector UCITS ETF
Invesco Materials S&P US Select Sector UCITS ETF (LSE: XLBP) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £450.60 (about ₹57,371 a unit) as of 1 Oct 2026, 9:05 AM ET. It has an expense ratio of 0.14%. Indian residents can buy XLBP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£450.60
Today's high
£455.02
52 week low
£393.18
52 week high
£489.75
XLBP opened at £455.02, closed previously at £460.60, and has traded between £393.18 and £489.75 over the past 52 weeks.
About
This Invesco Exchange Traded Fund (ETF) seeks to deliver the total net return performance of its benchmark, the S&P Select Sector Capped 20% Materials Index, after accounting for all applicable charges. This Reference Index comprises companies from the materials sector of the S&P 500 Index. Constituents are weighted based on their float-adjusted market capitalization, with an individual cap of 19%; any weight exceeding this threshold is redistributed among other uncapped holdings. To achieve its goal, the fund primarily invests in a diversified portfolio of equities, which, while generating the bulk of its returns, typically does not precisely mirror the underlying index's components. Additionally, it utilizes unfunded swap agreements with pre-approved counterparties. These contracts facilitate an exchange of any difference between the returns of the Reference Index and the fund's equity basket, thereby enabling a more accurate and consistent alignment with the index's performance than could be achieved through direct physical asset replication alone. While the fund's formal investment objective is to track the standard net total return index, its swap agreements are structured to reference an optimized version of the index for withholding tax purposes. Consequently, the ETF's performance, prior to the deduction of fees, is anticipated to outperform that of the conventional net return index. As a passively managed, index-tracking vehicle, an investment in this fund signifies the acquisition of its units, rather than direct ownership of the underlying assets held within its portfolio.
Key statistics
Expense ratio
0.14%
Assets (AUM)
£13.3M
Holdings
—
NAV
£46,055.92
Avg. volume
—
1-year price change
+11.33%
5-year price change
+35.00%
Price change excludes dividends.
Top 10 holdings
These 10 are 73.2% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy XLBP from India
Indian residents can buy XLBP units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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.
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.
Search XLBP and buy
Find the fund by its ticker, XLBP, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in XLBP from India
Trading and taxes when buying XLBP from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the XLBP price today?
Invesco Materials S&P US Select Sector UCITS ETF (XLBP) last traded at £450.60 on the London Stock Exchange ETF segment, as of 1 Oct 2026, 9:05 AM ET. That is ₹57,371 a unit at the 30 Sep 2026 GBP/INR rate.
When does XLBP trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is XLBP, and what does it cost to hold?
Invesco Materials S&P US Select Sector UCITS ETF manages about £13.3M. Its expense ratio is 0.14% a year, deducted inside the fund. It launched in 2009.
Is XLBP a UCITS ETF?
Yes. Invesco Materials S&P US Select Sector UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in GBP.
What are XLBP's largest holdings?
The top three are LINDE ORD (17.0%), NEWMONT ORD (11.0%) and FREEPORT MCMORAN ORD (8.4%). XLBP's 10 largest positions make up 73.2% of the fund.
Is XLBP subject to US estate tax?
No. Because XLBP is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
How are US dividends taxed inside XLBP?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on XLBP taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has XLBP performed?
XLBP's price is up 11.3% over the past year and up 35.0% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is XLBP different from a US-listed ETF?
XLBP is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.