Invesco Financials S&P US Select Sector UCITS ETF
Invesco Financials S&P US Select Sector UCITS ETF (LSE: XLFQ) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £316.40 (about ₹40,284 a unit) as of 1 Oct 2026, 11:21 AM ET. It has an expense ratio of 0.14%. Indian residents can buy XLFQ through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£315.97
Today's high
£318.95
52 week low
£283.60
52 week high
£414.53
XLFQ opened at £317.50, closed previously at £319.55, and has traded between £283.60 and £414.53 over the past 52 weeks.
About
The Invesco Financials S&P US Select Sector UCITS ETF (XLFQ.L) seeks to mirror the net total return performance of the S&P Select Sector Capped 20% Financials Index, net of fees. This benchmark index focuses on the financial sector within the broader S&P 500, with individual company weightings determined by their float-adjusted market capitalization and capped at 19%. Any excess weight beyond this threshold is then proportionally reallocated to the remaining uncapped constituents. To achieve its goal, the fund primarily invests in a diversified equity portfolio. While this basket typically generates the bulk of the fund's returns, it does not usually comprise the exact same holdings as the Reference Index. To bridge this gap and ensure closer alignment, the ETF utilizes unfunded swaps. These agreements with approved counterparties facilitate the exchange of returns, covering the difference between the fund's equity basket and the Reference Index. This combined strategy aims to deliver a more consistent and accurate performance relative to the Reference Index than would be possible through direct physical replication alone. It's important to note that although the fund's objective is to track the standard net total return index, the swaps employed reference an enhanced version of the index that accounts for optimized withholding tax. As a result, the ETF's performance before fees is anticipated to surpass that of the conventional net return index. This fund operates under a passive management strategy, meaning an investment represents ownership of units in an index-tracking fund, not direct acquisition of its underlying assets.
Key statistics
Expense ratio
0.14%
Assets (AUM)
£276.9M
Holdings
—
NAV
£32,022.61
Avg. volume
—
1-year price change
+1.92%
5-year price change
+53.67%
Price change excludes dividends.
Top 10 holdings
These 10 are 56.7% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy XLFQ from India
Indian residents can buy XLFQ 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 XLFQ and buy
Find the fund by its ticker, XLFQ, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in XLFQ from India
Trading and taxes when buying XLFQ 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 XLFQ price today?
Invesco Financials S&P US Select Sector UCITS ETF (XLFQ) last traded at £316.40 on the London Stock Exchange ETF segment, as of 1 Oct 2026, 11:21 AM ET. That is ₹40,284 a unit at the 30 Sep 2026 GBP/INR rate.
When does XLFQ 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 XLFQ, and what does it cost to hold?
Invesco Financials S&P US Select Sector UCITS ETF manages about £276.9M. Its expense ratio is 0.14% a year, deducted inside the fund. It launched in 2009.
Is XLFQ a UCITS ETF?
Yes. Invesco Financials 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 XLFQ's largest holdings?
The top three are JPMORGAN CHASE ORD (11.9%), BERKSHIRE HATHAWAY CL B ORD (11.3%) and VISA CL A ORD (7.3%). XLFQ's 10 largest positions make up 56.7% of the fund.
Is XLFQ subject to US estate tax?
No. Because XLFQ 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 XLFQ?
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 XLFQ 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 XLFQ performed?
XLFQ's price is up 1.9% over the past year and up 53.7% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is XLFQ different from a US-listed ETF?
XLFQ 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.