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Meteor launches latest commodities offering

Meteor Asset Management has announced the launch of its latest commodities plan.

Galaxy 6 has a six year and 14 day term and will offer access to a basket of eight commodities of equal weighting.

Investors will be offered three avenues of investment. A capital protection option, with 140 per cent of the increase in the portfolio added on top of 100 per cent return on investment.

The super growth option offers a 200 per cent increase in the portfolio as well one for one downside exposure based on the average price of the portfolio.

There is also a combined super growth and capital protected option in any proportion between 0 and 100 per cent, depending on risk.

Minimum investment is £10,000, with £5,000 in the combined capital protected and super growth options

The fund is available for Isas and is subject to capital gains tax for direct investments.

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