XETRA · UCITS ETF
Invest in SPYQ ETF from India
Indian and foreign residents can buy State Street SPDR MSCI Europe Industrials UCITS ETF (SPYQ) units directly through Paasa.
By Paasa · Updated
SPYQ at a glance
- Price
- €432.85-€2.55 (0.59%)
- Expense ratio
- 0.18%
- Day range
- €431.05 – €436.25
- Assets
- €1.3B
- Domicile
- Ireland
- Holdings
- 86
- Launched
- 2001
- Dividends
- —
- 1 month
- -2.01%
- 6 months
- +5.25%
- YTD
- +7.73%
- 1 year
- +8.88%
- 5 years
- +78.49%
Price change, excluding dividends.
Top 10 holdings
- 1Siemens AG8.8%
- 2Schneider Electric SE7.1%
- 3Rolls-Royce Holdings plc6.3%
- 4ABB Ltd.5.8%
- 5Safran SA5.1%
- 6Airbus SE5.0%
- 7Siemens Energy AG4.9%
- 8BAE Systems plc3.0%
- 9DHL AG2.3%
- 10RELX PLC2.3%
SPYQ holds 86 securities in total. These 10 are 50.6% of the fund.
Where the money is invested
Sectors
- Industrials98.6%
- Consumer Defensive0.5%
- Technology0.3%
- Basic Materials0.3%
- Consumer Cyclical0.3%
Countries
- Germany21.5%
- France20.8%
- United Kingdom14.8%
- Sweden13.0%
- Switzerland10.0%
- Netherlands6.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| NDUSLSEState Street SPDR MSCI Europe Industrials UCITS ETF | 0.18% | 1.3B |
Assets are shown in each fund's own reporting currency.
How to invest in SPYQ 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 EUR when you buy.
Step 3
Search SPYQ and buy
Find the fund by its ticker, SPYQ, on XETRA, and place your order.
Why invest in SPYQ from India
What SPYQ holds
This fund is designed to replicate the financial returns of significant and moderately-sized European businesses operating within the industrial industry.
Outside US estate tax
SPYQ 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 SPYQ's UCITS structure matters for Indian investors
SPYQ is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy SPYQ from India?
Yes. Indian residents can buy State Street SPDR MSCI Europe Industrials UCITS ETF (SPYQ) through Paasa. It is listed on XETRA and trades in EUR. 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 SPYQ invest in?
State Street SPDR MSCI Europe Industrials UCITS ETF holds 86 securities. Its largest holdings are Siemens AG (8.8%), Schneider Electric SE (7.1%) and Rolls-Royce Holdings plc (6.3%). Industrials is its largest sector at 98.6%. The fund is domiciled in Ireland.
What is the expense ratio of SPYQ?
State Street SPDR MSCI Europe Industrials UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.3B.
Is SPYQ a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI Europe Industrials 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. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell SPYQ?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the EUR/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.