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Meteor launches property plan

Meteor Asset Management has launched its second property plan that will link to the performance of the FTSE EPRA Europe index.

The product has a six-year term and will offer a 10.5 per cent return if the index finishes up after a year.

Should the index fail to reach its target return the investment will roll up, meaning a 21 per cent return at the end of year two and will continue up to 63 per cent at maturity.

Initial investment will be returned provided the market does not fall 50 per cent below its opening level at maturity.

Meteor Asset Management managing director Graham Devile says: “
“Our first commercial property plan launched in June and has been extremely popular. While the equity markets are still very volatile the indications are that the property market is beginning to show some stability.

We are delighted that against this background that we have been able to maintain the level of returns. We believe this is an excellent way to participate in the property market and take advantage of the current ‘weakness’ with a view to making potential gain over a relatively short period of time, whether or not an investor already has direct or indirect property investments.”

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