Meteor offers commodities-linked structured product

Meteor Asset Management is offering its second structured product since launching earlier this year,...

Meteor Asset Management is offering its second structured product since launching earlier this year, with growth lined to a basket of eight commodities. Called Galaxy Protected Commodities, the plan has two options available over a four-year term. Investors have a choice between 100% capital protection and 160% of the increase in the portfolio or 90% protection and 210% of portfolio growth. Performance is linked to a basket of eight equally split commodities, namely aluminium, brent crude, copper, lead, natural gas, nickel, WTI crude oil and zinc. Whichever option investors pick, the ...