The information contained in this section does not constitute a solicitation to invest in any program included herein. Prior to making an investment in a futures pool or directly with a Commodity Trading Advisor (CTA), one should carefully study the appropriate prospectus and/or disclosure document required by the CFTC.
While managed futures can help enhance returns and reduce risk, they can also do just the opposite and in fact result in further losses in a portfolio.
Further, studies conducted of managed futures as a whole may not be indicative of the performance of any individual CTA.
Portions of this discussion refer to CTAs as represented by a CTA index. There are inherent limitations associated with managed futures indices; in particular, an index does not represent the entire universe of all CTAs, individuals cannot invest in an index itself, and actual rates of return may be significantly different and more volatile than those of an index.
Past performance is not indicative of future results. Managed futures investments involve substantial risk of loss and are not suitable for all investors.