Asset allocators create portfolios, often in the form of mutual funds,

Asset allocators create portfolios, o[strike]ften in the form of mutual funds,[/strike]with the intention to turn in good results in both “bull” and “bear” markets.

To make things clear, let us score out the parenthetical appositive - often in the form of mutual funds – and it will then be clear whether - the intention - modifies portfolios or the allocators. It is indeed modifying the portfolios.

(A) With the intention - with the intention to - is wrong idiom. - Intention of - is the right idiom.
(B) The intention of which is - the intention of which is modifying rightly the portfolios (otherwise why will it say - of which) but the expression is wordy
(C) intended to - perfectly and crisply uses the participle intended to modify the portfolios.
(D) And intending - and intending is a fragment
(E) So intended as - so intended as to – ugly and unidiomatic
C - The clear and crisp choice
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With the intention of is far more common than with the intention to, but if we have to use something else, we could go with a meaning call.

1. Option A isn't very clear: it could mean either that portfolios have an intention to turn in good results or that asset allocators have an intention to turn in good results. We now have to ask ourselves whether (a) the allocators want to turn in good results or (b) portfolios are meant to turn in good results. For example:

The engineers created a software package with the intention to help the company's clients track resource utilization.

It's better to associate the desired result with the software package (what is the purpose of the software package?) rather than the engineers who created that package. Otherwise, we are left with just "a software package" in general. And who knows, maybe the engineers were just doing their jobs, and weren't thinking about the company's clients at all while making the program.

The engineers created a software package intended to help the company's clients track resource utilization.

2. A portfolio is just a bunch of financial assets. Some portfolios will give us good returns in both types of markets, but others won't. Therefore, it's probably better in this case to talk about asset allocators in general than to talk about portfolios in general.

With the intention... Asset allocators create portfolios.
vs.
Asset allocators create portfolios intended to...

3. Intended is the better way to express this idea. To understand this, let's reword the modifier in C so that the usage of intended is clear:

Asset allocators create portfolios that are intended to turn in good results in both “bull” and “bear” markets.

This is very different from saying that something intended (verb) to do something. The intended to we see in this case is a participle. It means that portfolios are designed to achieve something, not that they have an "intention" to achieve something.

Option C is therefore better from a meaning perspective and is also shorter than the first option.
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[quote="tenaman10"]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

choice A
the position of "with the intention to..." in the sentence makes it an adverb of the sentence. this adverb is special because it modifies the main clause and refers to the subject of the main clause. normal adverd modidie the preceding clause and dose not refer to the subject. so, the meaning of choice A is " allocators intend to turn in good result". this meaning makes no sense. "allocators turn into good result" is absurd.

some phrases which work as an adverb and refer to the subject include comma+doing or comma+do-ed.

I have passed gmat, opening the chance to get into havard.
I run out of this problem, afraid that it will take me a lot of time

the phrase both working as an adverb and refering to subject should be close to the subject because it refers to the subject. if the sentence is long, this phrase must be close to the subject, at the beginning of the sentence or after subject and a comma.

the phrase only working as an adverb can have position which is flexible, before, in the middle of at the end of the sentence.

we should know these special adverbs refering to subject. at first, you feel hard. but it is simple. the only thing to remember is their position should be close to the subject if the sentence is long.

adverbs not refering to the subject of the sentence is normal adverb

I eat a lot in the morning. in the morning, I eat a lot. "in the morning" is normal adverb and its position is flexible.

choice B
"the intention of which" means "the intention of the fund". "intention of the fund" is absurd.
only human or animal can intend.
the correct meaning is that someone intend that this fund will turn in good result. english has an idiom to encode this meaning. in the dictionary, we see, "intended to do something".

I am intended to lead this country
this means my people intend that I will lead this country.

takeaway. know adverbs refering to the subject.

Hi daagh,
thanks for explanations.

I would like to point out few examples of correct usage of the idiom "intention". The source is Oxford Dictionary:

intention / noun
[C,U] ~ (of doing sth) | ~ (to do sth) | ~ (that...) what you intend or plan to do; your aim:
I have no intention of going to the wedding.
* He has announced his intention to retire.
* It was not my intention that she should suffer.
* He left England with the intention of travelling in Africa.
* I have every intention of paying her back what I owe her.
* The original intention was to devote three months to the project.
* She's full of good intentions but they rarely work out.
* I did it with the best (of) intentions (= meaning to help), but I only succeeded in annoying them.

So I would disagree that the idiom "intention to" is wrong. I think you wanted to say that the way it is used in A is wrong.
For example if it were "Asset allocators create portfolios, often in the form of mutual funds, with the intention of turning in good results in both “bull” and “bear” markets." it would be perfectly fine as for me.

Please let me know your thoughts.

thanks.
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IMO B

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 --> with + Noun + to ... is unidiomatic. with + noun phrase or with + noun + that clause are better
(B) the intention of which is -->the best: which correctly modifies for mutual funds, the intention of which is grammatically correct
(C) intended --> intended is wrongly implied in passive for asset allocators
(D) and intending --> ungrammatical parallelism
(E) so intended as -->unidiomatic

C is better than A because

"Intended" ... verb form... correctly modifies the verb "create".... whereas "with the intension" is wordy, and "intension" in the noun form. According to Manhattan advance sentence correction section convert nouns to verbs to make sentence precise and short

According to me, there are two problems with A.
The major one is that A is changing the implied meaning of the sentence. What is intended to give good results? Portfolios, or asset allocators? Answer is portfolios. A implies that the allocators themselves, not the portfolios, will turn in good results. That doesn't make sense.
Another problem is the idiom- intention of turning in is better than intention to turn in, idiom-wise.

Normally in English, when we mention a specific example of a general noun, we use the word "of" to connect the general noun to the specific example.

For instance, in the following sentence "of" connects the general "case" to the specific instance of a case.

It seems likely that the the entire comical event can be considered a case of mistaken identity.

In this SC question, the (A) version uses "to" in "with the intention to turn in good results."

It should use "of" to connect "intention" to the specific intention mentioned, as in "with the intention of turning in good results."
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I think the underlined section should modify "portfolios" - the author would use other ways if he wished to modify "mutual funds".
Now, "intended" in C, a past participle, nicely modifies "portfolios".

This is the key to OA. Nice explanation on the below link:
https://www.manhattangmat.com/forums/pos ... tml#p28192

Hi mSKR,

That's one of the points I tried to make in my previous post. We don't want to make the intended idea go back to anything other than portfolios.

A portfolio is a set of stocks (or other instruments). Not all portfolios deliver good returns across market/business cycles. This is one of the reasons why something like "Asset allocators (with the intention to do something) create portfolios" is unlikely to be correct. They don't create a portfolio. They create a particular type of portfolio.
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Hello himanshu0123,

We hope this finds you well.

To answer your queries,

1. "often in the form of mutual funds" is not a past participle ("verb+ed") modifier; "often in the form of mutual funds" is one modifying phrase that acts on the verb phrase "create portfolios", and "intended to turn in good results..." is a separate modifier that acts upon "mutual funds".

2. Present participles ("verb+ing") do not indicate tense; the use of a present participle to modify a noun conveys that the noun took an action that is continuous in nature, but this action can be in the past, present, or future depending on the context. The past participle, which often but not always takes the form "verb+ed", does convey that the action it refers to concluded in the past.

3. Yes; one modifier can act upon all elements in a list, so long as the meaning conveyed is logical.

4. No; two noun modifiers - or adjectives - can be joined with just a comma. For example, "I live in the big, red house."

We hope this helps.
All the best!
Experts' Global Team
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Hi Rishi108,

Firstly, a participle preceded by a comma may or may not be acting as an adverb. Secondly, in option C, the comma we see before intended is actually for the modifier just before the participle.

1. Asset allocators create portfolios, often in the form of mutual funds, intended...

There's no simple rule that we can apply here, but in this particular case, both the commas should be seen as a pair of commas for the phrase often in the form of mutual funds.

2. Asset allocators create portfolios, often in the form of mutual funds, intended...

When we take often in the form of mutual funds out, we must take both the commas out as well.
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Hi blablabla1997,

That rule isn't an absolute, but more importantly, it doesn't apply to option C. In the sentence that option C leads to, both the commas should be seen as a pair of commas for the phrase often in the form of mutual funds.

1. Asset allocators create portfolios, often in the form of mutual funds, intended...

When we take often in the form of mutual funds out, we must take both the commas out as well.
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Pkit
You are perfectly right. In the given context - intention to turn in -does not fit in> Pairwise it may be acceptable as you have clearly made out
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Hi egmat GMATNinja AjiteshArun

Please suggest why option C is better than option A other than the idiom reason

Thanks

In A Preposition" with the intention" presents intention of asset allocators whereas " intended" rightly modifies portfolios in C .

"With the intention to" vs "intended to" --> What's the best way to decide amongst these?

sdfruis, meaning. The way that these phrases have been used, they convey different meaning and one of them is better than the other.