meteor am launches latest ftse-backed plan

Meteor Asset Management’s latest Defesive Plan will make returns based on the performance of five stocks across different sectors in the FTSE 100.

meteor am launches latest ftse-backed plan


The plan will mature if, on any of the measurement dates (the first of which is 30 September, 2013), the closing prices of each of the five shares are at 85% or more of their opening level. If this is the case, the investor will receive 4.5% of the gross amount invested for each quarter the plan is in force.

Managing director Graham Devile said that due to its defensive structure he expects the plan to appeal to investors looking for a decent investment return but who are wary of the future direction of the markets generally.

“We believe this plan offers investors who are happy with direct equity exposure an attractive alternative to a traditional equity portfolio,” he added.

The final date for ISA transfer subscriptions is 14 September, for cheque applications 21 September and for bank transfers the 26 September.

The plan will start at close of business on 28 September and the first measurement date will be the end of September 2013 and then quarterly after that.

Latest Stories