Meteor UK Protected Equity Fund with Big Discounts.

Meteor UK Protected Equity Fund

2.50% Discount

(The discount has the effect of reducing the initial charge to 2.50%)

Applications must be posted to Moneyworld in order to receive your discount.

Download Brochure
FSA 'Capital at Risk Product' Brochure

General Application Form Order literature by post

ISA transfers application form

Trusts, Companies and Partnership application forms

Application form for pension schemes

Plan Summary

• Capital is protected provided the FTSE 100 does not fall by more than 10% in any one month period
• Fund returns generated from rolling monthly positions in the FTSE™ 100 index
• Monthly or annual withdrawals available at up to 8% p.a. of capital invested or current fund value
• Gains on all withdrawals (including regular withdrawals) subject to CGT for UK investors (or tax free via ISA or pension)
• Simulated returns over 10 years from 1998 average over 13% p.a.
• The level of the Index is rebased at the start of every trade
• Investments may be made in Sterling or Euros
• Constantly available. Daily pricing and trading
• Should the FTSE fall 10% and not recover back to its opening level or more a capital loss will occur on a one for one basis taking the difference between the Opening and Closing Levels. This will however be reduced by the premium (return) the Fund receives for having borne the risk
• If regular withdrawals exceed returns generated capital will be eroded
• The value of shares in the fund can fall as well as rise

Key Facts
Investment Term:	Investors can buy or sell on any dealing date. All trades are at NAV but new investments are subject to an initial charge of 5%. There are no exit charges.
Availability:	For direct investment, ISAs, ISA transfers, and for pension funds, trustees, companies and offshore bonds.
The Fund	The Meteor UK Protected Equity Fund is a UCITS 3 scheme which is regulated in Luxembourg by the CSSF, managed by Commerzbank Ag London Branch and is listed on the Luxembourg Stock Exchange. At present it is an unregulated collective investment scheme and is therefore available to eligible counterparties, professional investors and retail customers who have received advice on the suitability of the investment.
Dealing	Daily dealing. The fund is priced at close of business each day (single price). All trades executed on any day will be traded at the next declared price. Purchases will be executed on acceptance of a complete application and cleared funds. Sales will be executed on acceptance of a completed surrender request form.
Underlying Assets	The fund will hold a diversified portfolio of securities, and will swap the return from holding these for the return from other assets including derivatives held by the manager to follow the investment strategy of the fund and generate the investment return.
Investment Return	The investment return is generated by taking on the risk of large short term falls in the FTSE™ 100 Index through a series of 30 day positions. There is no risk to capital unless the index falls by 10% or more during the 30 day term of any position.
Liquidity Risk	The majority of assets held by the fund will be relatively liquid market traded instruments, but under extreme market conditions the fund may not be able to satisfy demand for very large surrender requests.
Counterparty Risk	Investment & returns and capital are dependent in the solvency of the portfolio of securities held by the fund.
Currency Risk	Some of the fund assets and certain costs may not be in sterling, so currency fluctuations may have an effect on performance, but any significant exposure will be hedged.
Tax	Under current tax legislation gains on assets held in an ISA will be free from any tax, while gains on direct investments will be subject to Capital Gains Tax.
Interest	Interest will not be credited on funds received prior to purchase of shares as the purchase will normally be executed at the first price declared after receipt of cleared funds and a completed application.
Initial Charge	There is an initial charge of 5%.
Fund Charges	There is a 1.2% annual management charge.