Asset allocators create portfolios, often in the form of mutual funds, with the intention to turn in good results in both “bull” and “bear” markets.

(A) with the intention
(B) the intention of which is
(C) intended
(D) and intending
(E) so intended as

OA:C

If I were to rewrite this sentence, it would be:
Asset allocators create portfolios, often in the form of mutual funds, with the intent of turning in good results in both "bull" and "bear" markets.

or

Asset allocators create portfolios, often in the form of mutual funds, intending to turn in good results in both "bull" and "bear" markets.

How do I determine whether to use present or past participle?