Meteor launches new protected commodities plan

UK-based distributor Meteor has launched a new protected commodities plan with two participation rates according to the level of capital risk. The Galaxy Protected Investment Plan 4 is linked to a basket of eight equally weighted hard and soft commodities, including Brent crude, copper, corn, heating oil, Kansas wheat, soybeans, wheat and zinc.

If the investor chooses the capital guaranteed option, they will enjoy a return of 125% participation in the entire portfolio. Reducing this capital protection to 90% increases this figure to 160% participation. Unlike previous similar offerings by the company, the plan can be packaged in an ISA, and has introduced soft commodities into the portfolio.

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