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Our investment products can provide both individual and institutional investors with flexible investment vehicles, which can accommodate varying appetites for risk, asset exposure and capital protection.

It is important that you understand the risks attached to each of the investments. The key risk areas are summarised below, but please remember that these are general risks and those relevant to a particular product are set out in the product literature.

Meteor does not provide financial advice or guidance on tax issues and we recommend that you talk to a financial adviser if you are considering investing. Some products require you to seek professional financial advice. Such products will be highlighted on the website and in the brochure.

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The securities mentioned on this website are not being offered, and will not be sold, within the United States or to, or for the account or benefit of, any U.S. person. The term U.S. person shall have the meaning as defined in Regulation S under the United States Securities Act of 1933 and includes, among other things, U.S. residents and U.S. corporations and partnerships.

Cancellation Risk – the risk that if you decide to cancel the investment after assets have been purchased you could lose some of your money if the market(s) or asset(s) to which your contract is linked have fallen since the purchase date.

Counterparty Risk   – the risk that a financial institution with whom we arrange the assets to provide investment returns does not, or cannot, pay the amounts due, which could cause you to lose some or all of your money and any investment returns that would have otherwise been payable.

Early Encashment Risk – the risk that if you decide to encash the investment before maturity you could get less back than you invested. Administration charges for early encashment will increase any losses.

Inflation Risk – the risk that inflation will reduce the real value of your investment over time.

Investment Risk – The risk that the market(s) or asset(s) to which your investment is linked fall in value, which could cause you to lose money.

ISA Transfer Risk – if you wish to transfer an existing ISA this must be done in cash, which means your existing ISA manager will sell your investments and you may be charged an exit or transfer fee. There is the potential for loss of income or growth if markets should rise while your transfer remains pending.

Liquidity Risk – the risk that you may not be able to immediately access the value of your investment.

Pricing Risk – the risk that a financial institution with whom underlying investments have been arranged may not be able to quote regular prices making it difficult to value your investment and delaying any early encashment request you may make.

Product Risk – the risk that the product design could produce a return that is lower than a direct investment in the market(s) or asset(s) to which the product is linked.

Tax Risk – The values of any tax reliefs will depend on your individual circumstances. You should note that the levels and bases of taxation could change in the future and these changes may be applied retrospectively.

It is important that you read any product literature carefully and in full so that you understand how the product works and can decide whether or not you are prepared to accept the risks and the possible consequences of investing in a particular contract, before proceeding with an investment.

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Meteor Insights

Playing catch up?

If you lived under a rock and only came up to see how US stock markets performed this year, you might be forgiven for thinking a viral pandemic had come and gone

If you lived under a rock and only came up to see how US stock markets performed this year, you might be forgiven for thinking a viral pandemic had come and gone. The S&P 500 has soared so much since the March lows that it now stands taller than it was when it started 2020. In hindsight, it was an incredible buying opportunity. As of late October, the equity benchmark has returned more than 50% from its low point this year.

Before going back under your rock to hibernate for another couple of years, you might also be inclined to review the data with the intention of reallocating your investment portfolio accordingly. You might be surprised to find that, contrary to the positivity you see in US equities, global economic growth has collapsed. Back here in the UK, equity benchmarks have performed poorly due to a high concentration of financial and oil stocks.

The below chart shows the year-to-date percentage performance of equity benchmarks around the world.

Data from Bloomberg, 27 October 2020

The standout performer in this small sample is the Shanghainese index. Performance in East Asia has been bolstered by successful virus containment measures. In addition, IT sector stocks have benefited from the shift in consumer behaviours and Chinese economic data continues to signal an ongoing recovery. Escalating tensions with the US, however, could be a fly in the ointment.

The S&P 500, as previously mentioned, has punished knee-jerkers with a strong recovery. Even the MSCI World Index, which covers a broader range of developed market equities around the globe, has recovered to be just about flat.

The picture is less rosy looking at the European counterparts. With renewed fears over a chaotic Brexit on top of heightened second wave measures, the UK’s road to economic recovery is one littered with uncertainty. From an investment perspective, though – could this point to opportunity?

  • Lockdowns have created a lot of pent-up demand. Families are waiting to spend their annual holiday budgets once travel restrictions lift. Grandiose wedding ceremonies have been postponed for when large gatherings are allowed again. Football fans are waiting for the moment that season tickets go on sale again.
  • Where jobs have been lost, the digital economy has created opportunities. Businesses have had to adapt to modern practices such as remote working. This has generated demand for advancements in telecommunications infrastructure.

These are just a few of the reasons why some investors have chosen to be cautiously optimistic. Structured products such as our new FTSE Daily Kick Out Plan are designed to accommodate this kind of view. If the UK can shake off virus and Brexit fears, there could be significant upside potential in equities. These challenges, however, remain…challenging. The FTSE Daily Kick Out Plan is unique in that, after 2 years, it will automatically terminate and lock in a gain for the investor on any day in which the FTSE 100 is at least 5% higher than the level of the index when the plan starts. As of today, the FTSE 100 sits at around 5600. If the FTSE 100 maintained this level at the Start Date of the plan, it would need to close at or above 5880 to meet this condition.


Posted: 28 October 2020
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