Why This Options-Based Fund Imploded During the Sell-Off
We downgraded LJM Preservation and Growth to Negative from Neutral, and think Silver-rated Gateway is a better choice in the category.
Karen Wallace: Though last week's market volatility may have come as a surprise to many investors, it registers as only a small blip in the context of a longer-term market cycle. But short-term dislocations like these can be helpful in that they allow investors to get a sense of where a fund's bets and risk exposures are. Here to discuss one fund in particular that we recently downgraded is Gretchen Rupp. She covers multi-asset and alternative strategies on our manager research team.
Gretchen, thanks for being here.
Gretchen Rupp does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.