Managed-futures funds have done it all wrong.
Fortunately, such funds don't have many assets, but what monies they do possess have come in the past five years. As is so often the case, investors extrapolated from a sample size of one: Managed-futures funds profited in 2008; nothing else save for long Treasuries made money that year; thus, managed-futures funds were good to own.
John Rekenthaler does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.