Mattioli Woods has announced a new structured product that is designed to provide further diversification to clients’ investment portfolios.
The Meteor 6-year Capital Protected Kick-Out Plan is linked to the share prices of Imperial Tobacco Group plc, National Grid plc, Reckitt Benckiser Group plc, Rio Tinto plc, and Standard Chartered plc. Running for a term of six-years and two weeks, the plan has the potential of kicking out at seven observation points, the first being on 22 January 2017.
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Stan Allen, investment consultant, said: "The five stocks chosen, which are large UK shares, are constituents of the FTSE 100, and provide a diverse selection covering tobacco, utilities, household and personal goods, mining, and financial sectors.
"We feel the stocks are well placed to take advantage of the ongoing improvements in the UK and the wider developed markets."
The plan is open to SIPP, SSAS, corporate, personal and trust monies until 18 June 2014 and 6 June for stocks and shares ISA transfer applications.
Our continuing strategy for structured investments is to offer plans on a regular basis, and for clients to invest modest amounts sequentially to diversify the underlying assets, the counterparty risk, and the market timing.
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By GlobalDataWe use institutions such as Royal Bank of Canada, HSBC, Barclays and Lloyds Bank as these are some of the strongest banks in the market, to create a balanced portfolio to provide diversification against the potential of counterparty risk.
