A: 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.
C: Asset allocators create portfolios, often in the form of mutual funds, INTENDED to turn in good results in both "bull" and "bear" markets.
Generally, a modifier surrounded by commas is NON-ESSENTIAL and can be removed without changing the basic meaning of the sentence.
In the SC above,
often in the form of mutual funds is surrounded by commas thus is NON-ESSENTIAL.
Implication:
The upper case modifiers in A and C refer not to this non-essential phrase but to the preceding CLAUSE (
asset allocators create portfolios).
A prepositional modifier can serve as an ADJECTIVE or as an ADVERB.
Answer choice A, case 1: with the intention = ADJECTIVE
PORTFOLIOS WITH THE INTENTION to turn in good results.
No - PORTFOLIOS cannot have an INTENTION.
Answer choice A, case 2: with the intention = ADVERB
Asset allocators CREATE WITH THE INTENTION to turn in good results.
No -- the allocators themselves do not turn in good results; the PORTFOLIOS turn in good results.
Since neither option conveys the intended meaning, eliminate A.
Answer choice C:
Asset allocators create PORTFOLIOS INTENDED to turn in good results.
Here the meaning makes sense: the PORTFOLIOS that the allocators create are INTENDED to turn in good results.
The correct answer is
C.
Please also note the following idiom issue:
with the intention OF VERBing is typically preferred to
with the intention TO + VERB.
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