These publications are provided as a courtesy of the CME Group. Bocken Trading does not endorse the CME Group nor the publications for their accuracy. Although managed futures can help enhance returns and reduce risk, they can also do just the opposite and in fact result in further losses beyond what is held in your portfolio. The use of managed futures in a portfolio does not mean that an investor will be profitable or will not experience substantial losses or volatility. As the results of the above studies were conducted in the past, the results may not be indicative of current time periods or of the performance of any individual CTA. The index listed in the study does not represent the entire universe of all CTAs and, as it is an index, actual returns of an individual CTA may be significantly more volatile and different. Individuals cannot invest in the index itself. Futures Trading involves risk of loss and is not suitable for everyone.