Despite inflation expectations, allocations to alternative

Despite inflation expectations, allocations to alternative investments like private equity and hedge funds remain roughly constant even though allocations to commodities like gold and precious metals are a market cycle that reflects whether inflation is expected.

(A) Despite inflation expectations, allocations to alternative investments like private equity and hedge funds remain roughly constant even though allocations to commodities like gold and precious metals are a market cycle that reflects whether inflation is expected.
(B) Whether inflation is expected determines the market cycle of allocations to commodities such as gold and precious metals, whereas allocations to alternative investments like private equity and hedge funds remain roughly constant despite inflation.
(C) Allocations to commodities like gold and precious metals are a market cycle that reflects if inflation is expected, whereas alternative investments like private equity and hedge funds remain roughly constant despite inflation.
(D) The market cycle of allocations to commodities such as gold and precious metals reflects whether inflation is expected, whereas alternative investments such as private equity and hedge funds remain roughly constant despite inflation.
(E) The market cycle of allocations to commodities such as gold and precious metals reflects whether inflation is expected, whereas alternative investments like private equity and hedge funds remain roughly constant despite inflation.