Your browser does not support JavaScript

Market Review 2020

Market Review 2020

  • The S&P 500® Index returned 18.40% in 2020 despite an unpredictably volatile year highlighted by a global pandemic and government policies that severely restricted economic activity.
  • The Gateway Index/RA Composite returned 7.34% in 2020, net of fees. The beneficial effects of above-average implied volatility can clearly be seen as net cash flow from the Fund's index option components facilitated significant downside protection during the bear market and above-average short-term absolute returns during the recovery and year-end periods, as detailed in the table above.
  • Implied volatility, as measured by the Cboe® Volatility Index® (the VIX®), began the year below its historical average before quickly reaching extreme levels during the bear market. Over the remainder of the year, the VIX® trended lower while remaining persistently above its historical average and spiking above 40 during market pullbacks in June and October.

* The portfolio statistics reflected for the Composite are those measured by a representative account. This information represents supplemental information to the GIPS® Composite Report. This representative account was selected as it is the largest account in the Composite. Data as of December 31, 2020, unless noted otherwise. Past performance is not indicative of future results. Sources: Morningstar DirectSM and Bloomberg, L.P.





Learn More ›

Gateway Investment Advisers, LLC
312 Walnut Street, 35th Floor
Cincinnati, OH 45202-9834
Phone: 513-719-1100
Fax: 513-719-1199
Boston Location
888 Boylston Street, Suite 800
Boston, MA 02199

.      .
© 2021. Gateway Investment Advisers, LLC.
California Consumer Privacy Act
Gateway Investment Advisers, LLC
NATIXIS Investment Managers