London Stock Exchange ETF segment · UCITS ETF
Invest in FAGB ETF from India
Indian and foreign residents can buy Invesco US High Yield Fallen Angels UCITS ETF (FAGB) units directly through Paasa.
By Paasa · Updated
FAGB at a glance
- Price
- £30.11+£0.17 (0.55%)
- Expense ratio
- 0.5%
- Day range
- £30.11 – £30.14
- Assets
- £66.7M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2017
- Dividends
- —
- 1 month
- -2.49%
- 6 months
- +1.28%
- YTD
- -0.76%
- 1 year
- +0.13%
- 5 years
- +4.86%
Price change, excluding dividends.
Top 10 holdings
- 1GFL Environmental Inc 6.75% 15/01/314.9%
- 2Six Flags Entertainment Corp /Six 6.625% 01/05/324.7%
- 3VF Corp 2.95% 23/04/303.8%
- 4CVS Health Corp VAR 10/03/553.6%
- 5Fluor Corp 4.25% 15/09/282.8%
- 6Alcoa Nederland Holding BV 4.125% 31/03/292.6%
- 7Huntsman International LLC 4.5% 01/05/292.5%
- 8Kohl's Corp 5.125% 01/05/312.4%
- 9Electronic Arts Inc 1.85% 15/02/312.4%
- 10Electronic Arts Inc 2.95% 15/02/512.3%
These 10 are 32.1% of the fund.
Where the money is invested
Countries
- United States92.5%
- Japan3.3%
- Netherlands2.7%
- Ireland1.2%
- Other0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| HYFALSEInvesco US High Yield Fallen Angels UCITS ETF | 0.45% | 88.6M |
| FAEUXETRAInvesco US High Yield Fallen Angels UCITS ETF | 0.5% | 78.0M |
Assets are shown in each fund's own reporting currency.
How to invest in FAGB 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, and Interactive Brokers converts the dollars to GBP when you buy.
Step 3
Search FAGB and buy
Find the fund by its ticker, FAGB, on the London Stock Exchange ETF segment, and place your order.
Why invest in FAGB from India
What FAGB holds
The Invesco US High Yield Fallen Angels UCITS ETF, specifically its GBP Hedged Accumulation share class, aims to replicate the total return performance of the FTSE Time-Weighted US Fallen Angel Bond Select Index (referred to as the "Reference Index"), after deducting its own expenses. This particular share class also employs foreign exchange transactions to minimize exposure to currency fluctuations between the US Dollar and British Pound.
Outside US estate tax
FAGB is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 FAGB's UCITS structure matters for Indian investors
FAGB is domiciled in Ireland, 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 FAGB from India?
Yes. Indian residents can buy Invesco US High Yield Fallen Angels UCITS ETF (FAGB) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 FAGB invest in?
Its largest holdings are GFL Environmental Inc 6.75% 15/01/31 (4.9%), Six Flags Entertainment Corp /Six 6.625% 01/05/32 (4.7%) and VF Corp 2.95% 23/04/30 (3.8%). The fund is domiciled in Ireland.
What is the expense ratio of FAGB?
Invesco US High Yield Fallen Angels UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about £66.7M.
Is FAGB a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco US High Yield Fallen Angels 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.
What tax do I pay in India when I sell FAGB?
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 GBP/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.