Meteor’s Prima back with enhanced returns

Meteor Asset Management, the investment and retail products arm of Meteor Capital Holdings, has launched two new products: the Growth Plan 4 and the Galaxy Protected Commodities Plan 3.

The six-year Prima plan is based on the FTSE100 and Nikkei 225 indexes and offers a 17.5% return at the first anniversary so long as both indexes are at or above their opening levels. If one of the indexes is below the opening level the plan continues into year two where if both indexes are above their opening level on the second anniversary it will pay 35%.

After that, the plan stays open until both indexes are at or above their opening levels and therefore would pay 52.5% in year three, 70% in year four, 87.5% in year five and 105% at maturity. Capital is at risk if either index falls below 50% of their initial level, capital loss will be 1% for every 1% fall in the lower performing index. The previous Prima plan, the Prima Growth Plan 3, offered a return of 14% at the first anniversary.

The five-year Galaxy plan is based on a basket of eight equally split commodities comprising aluminium, Brent crude, copper, lead, natural gas, heating oil, WTI crude oil and zinc. The plan offers two options: the Capital Protected Option, which provides 100% capital protection and 160% of the increase in the portfolio, and the Protected Super Growth Option which offers 90% capital protection and 210% of the increase in the portfolio.