Meteor launches Galaxy Protected Commodities Plan in the UK
Meteor Asset Management, a specialist structured products provider in the UK, has launched a four-year protected investment plan linked to a basket of eight equally weighted commodities: aluminium, brent crude, copper, lead, natural gas, nickel, WTI crude oil and zinc.
The product offers two options. While the Capital Protected Option offers 100% capital protection and 160% of the increase in the portfolio, the Protected Super Growth Option offers 90% capital protection and 210% of the increase in the portfolio. The product is available to independent financial advisers (IFAs).
“We believe this product should have a wide appeal but particularly with high net worth individuals and pension trustees,” says London-based Phil Saunders, business development director
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