London Stock Exchange ETF segment · UCITS ETF
Invest in FXGB ETF from India
Indian and foreign residents can buy First Trust FactorFX UCITS ETF (FXGB) units directly through Paasa.
By Paasa · Updated
FXGB at a glance
- Price
- £21.55-£0.11 (0.51%)
- Expense ratio
- 0.75%
- Day range
- £21.55 – £21.55
- Assets
- £952.3K
- Domicile
- Ireland
- Holdings
- 13
- Launched
- 2017
- Dividends
- —
- 1 month
- +0.50%
- 6 months
- +10.44%
- YTD
- +10.64%
- 1 year
- +9.96%
- 5 years
- +35.13%
Price change, excluding dividends.
Top 10 holdings
- 1U.S. Treasury Note, 4.625%, due 06/15/20278.1%
- 2U.S. Treasury Note, 3.875%, due 10/15/20277.8%
- 3U.S. Treasury Note, 4.50%, due 04/15/20277.7%
- 4U.S. Treasury Note, 4.25%, due 03/15/20277.6%
- 5U.S. Treasury Note, 4.375%, due 07/15/20277.6%
- 6U.S. Treasury Note, 4.125%, due 02/15/20277.4%
- 7U.S. Treasury Note, 4%, due 01/15/20277.4%
- 8U.S. Treasury Note, 2.25%, due 08/15/20277.3%
- 9U.S. Treasury Note, 4.625%, due 11/15/20267.1%
- 10U.S. Treasury Note, 4.50%, due 05/15/20277.1%
FXGB holds 13 securities in total. These 10 are 75.1% of the fund.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FTFXLSEFirst Trust FactorFX UCITS ETF | 0.75% | 1.7M |
Assets are shown in each fund's own reporting currency.
How to invest in FXGB 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 FXGB and buy
Find the fund by its ticker, FXGB, on the London Stock Exchange ETF segment, and place your order.
Why invest in FXGB from India
What FXGB holds
This actively managed fund endeavors to provide comprehensive gains to investors over an intermediate to long-term period, aiming for reduced sensitivity to the broader equity and fixed-income markets. It achieves this by gaining access to international currencies and associated financial markets.
Outside US estate tax
FXGB 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 FXGB's UCITS structure matters for Indian investors
FXGB 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 FXGB from India?
Yes. Indian residents can buy First Trust FactorFX UCITS ETF (FXGB) 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 FXGB invest in?
First Trust FactorFX UCITS ETF holds 13 securities. Its largest holdings are U.S. Treasury Note, 4.625%, due 06/15/2027 (8.1%), U.S. Treasury Note, 3.875%, due 10/15/2027 (7.8%) and U.S. Treasury Note, 4.50%, due 04/15/2027 (7.7%). The fund is domiciled in Ireland.
What is the expense ratio of FXGB?
First Trust FactorFX UCITS ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about £952.3K.
Is FXGB a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust FactorFX 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 FXGB?
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.