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Why Managed Futures?
Managed Futures* Performance During Up and Down Equity Markets
If you are like most investors, equities comprise a significant portion of your portfolio. In today’s volatile investment environment, it is difficult to accurately predict equity performance. The graphs below look at two different scenarios: when equities are performing poorly, and when they are performing well.
As this graph illustrates, managed futures often perform well during equity downturns due to the negative correlation of the asset classes. Managed futures have been profitable during 27 of the 35 significant stock market declines that have occurred since 1980. This feature suggests that managed futures can add balance to a portfolio and smooth overall return.
Managed Futures* Performance During Equity Down Markets (with Declines of at Least 5% per Month)
January 2000 – March 2012
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS. YOU CAN LOSE MONEY IN A MANAGED FUTURES PROGRAM.

Important Consideration: Other asset classes have different investment objectives, costs and expenses, liquidity profiles, safety, guarantees/insurance, volatility, tax advantages/disadvantages. Investors are not able to invest directly in these indices. The performance of the indices does not represent the performance of The Frontier Fund.
Managed Futures: Barclay BTOP50 Index®. Source: PerTrac Financial Solutions.*
Equities: S&P 500® Total Return Index. Source: PerTrac Financial Solutions.
* The index does not encompass the whole universe of CTAs. The CTAs that comprise the index have submitted their information voluntarily. Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.
Even when the stock market performs well, managed futures often have positive performance. As this graph illustrates, managed futures posted gains during 39 of the 64 significant stock market increases since 1980.
Managed Futures* Performance During Equity Up Markets (with Increases of at Least 5% per Month)
January 2000 – March 2012
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS. YOU CAN LOSE MONEY IN A MANAGED FUTURES PROGRAM.

Important Consideration: Other asset classes have different investment objectives, costs and expenses, liquidity profiles, safety, guarantees/insurance, volatility, tax advantages/disadvantages. Investors are not able to invest directly in these indices. The performance of the indices does not represent the performance of The Frontier Fund.
Managed Futures: Barclay BTOP50 Index®. Source: PerTrac Financial Solutions.*
Equities: S&P 500® Total Return Index. Source: PerTrac Financial Solutions.
* The index does not encompass the whole universe of CTAs. The CTAs that comprise the index have submitted their information voluntarily. Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.
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