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Meteor – Counterparty League Tables: June 2020

The UK has taken another step towards relative normalcy this week with Boris Johnson announcing pubs could reopen at the start of July while spas, theatres and gyms will remain closed.  Health leaders have warned, however, that easing lockdown this early risks a second wave.  Meanwhile, retail sales for May showed a swift recovery with an increase of 12% as lockdown spending soared.  Economists have warned that this figure isn’t as rosy as it seems as the figure is propped up by online spending while consumer spending in hospitality still falters due to lockdown restrictions.  Last Thursday, the Bank of England also announced an additional £100 billion in quantitative easing while keeping interest rates at the all-time low of 0.1%.

According to Bloomberg, the United States are considering imposing new tariffs of over $3 billion worth of exports from Europe.  Final data for UK Q1 GDP will be published next week.

The FTSE 100 gained 1.24% in seven days.  In comparison, the EURO STOXX 50 was up 1.73%, while the S&P 500 only improved by 0.21%.

For our DIY investors we like to share information that enables a diligent investment decision to be made so click the link in order to read the commentary produced by Meteor;

https://meteoram.com/counterparty-league-tables-june-2020/?utm_source=Meteor+Asset+Management&utm_campaign=8889d366f5-EMAIL_CAMPAIGN_2018_11_08_01_17_COPY_01&utm_medium=email&utm_term=0_4a14b74b61-8889d366f5-255087973

Regulation

We must point out that providing access to the Meteor article is not a recommendation to invest in the Meteor plans.

Advice is always specific to the needs of the individual investor.

DON’T FORGET THE RISKS

https://www.bestpricefs.co.uk/meteor-structured-products/#risks

As with all forms of investment there are risks involved. These plans do not guarantee to repay the money invested. The potential returns of the plans and repaying the money invested are linked to the level of the stock market and also depend on the financial stability of the Issuer and Counterparty Bank.

Past performance is not a guide to future performance and may not be repeated.  Investment involves risk. The performance data does not take account of the commissions and costs incurred on the issue and redemption of shares. The value of investments and the income from them may go down as well as up and investors may not get back any of the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value of overseas investments to rise or fall.

The promotion of the plans does not constitute ‘advice’ to invest. Advice is always specific to an individual investor’s circumstances and needs, following the process of ‘know your customer’, with the aim of ensuring that any product is suitable for an investor.

As always, the recommendation and common sense approach is to consider product solutions as a portfolio, never over-exposing oneself to a point of financial pain and suffering liquidity or counterparty over exposure.

Click the link to read more about the plans that are available at present.  Note, we are adding quality plans as they launch.

https://www.bestpricefs.co.uk/meteor-structured-products/

As INDEPENDENT FINANCIAL ADVISERS we are able to provide consultancy advice across the investment, pensions and insurance sector so if you have an advice requirement, simply get in touch when we will do all we can to assist you.

Best Wishes.

Best Price FS Team