Our Funds
Each of the Leuthold Fund strategies fits a distinctive investment niche; investors may employ the strategies in tandem to facilitate their long-term investment goals and/or to adjust investment exposure during uncertain, volatile, or changing market environments.
ETFs
Leuthold Core ETF (LCR)
Tactical Asset Allocation
Leuthold Select Industries ETF (LST)
Long-Only Equity (U.S. traded; industry-group rotation & sector concentrations)
Mutual Funds
Leuthold Core Investment Fund (LCORX/LCRIX)
Tactical Asset Allocation (domestically focused)
Leuthold Grizzly Short Fund (GRZZX)
Short-Only Equity (actively managed)
Leuthold Global Fund (GLBLX/GLBIX)
Tactical Asset Allocation (globally focused)
Our Philosophy
Disciplined
We believe the most important decision is proper asset class selection and a highly disciplined, unemotional method of evaluating risk/reward potential across investment choices.
Exposure Matches Views
Our perspective is long-term, yet our process involves evaluating the underlying well-being of the market on an ongoing basis. We watch for indications of a shift in dynamics; when a change in reward/risk is warranted, exposure is adjusted as needed.
Flexibility
While all investment strategies are apt to experience periods of underperformance, to be most effective in a variety of market environments we believe flexibility is a key component. Our guiding disciplines combined with this flexibility helps to maximize our success.
Our Team
Sound strategies and proven investment models are nothing without the talented people to provide management and direction. The Leuthold Group is a close-knit team of experienced professionals, committed to superior investment solutions and exceptional client service.
Our History
The Leuthold Group began in 1981 as an institutional investment research firm. Founder Steve Leuthold built a research team and investment policies incorporating technical and quantitative methodologies, broad sector and industry group analysis, supply/demand dynamics, and historical intrinsic value relationships.
In 1987, The Leuthold Group established a Registered Investment Adviser offshoot to direct investment portfolios using the firm’s institutional research models as the foundation for its equity selection and asset allocation process. A policy of disciplined, unemotional, and strategic investing, backed by solid and comprehensive research, has enabled The Leuthold Group to establish a strong track record and achieve impressive client loyalty.
Latest News
July 31, 2025
Doug Ramsey's Q2-2025 Market Commentary and Near-Term Outlook
Leuthold Analyst Greg Swenson highlighted in MarketWatch article
James J. Rogers highlights Leuthold PM Greg Swenson's report about the recent resurgence in meme stocks. Greg's research reveals that the underlying drivers of the phenomenon never really went away after the original meme-stock explosion in 2021. (Paywall may prevent full access.)
June 12, 2025
Leuthold Funds made income distributions to shareholders of record as of June 12, 2025, with the x-date and payable date of June 12, 2025.
March 19, 2025
Leuthold Funds made income dividend distributions to shareholders of record as of March 18, 2025, with the x-date and payable date of March 19, 2025.
Latest Media
September 25, 2025
Catch the conversation with Doug Ramsey, Leuthold's CIO, on "Making Money with Charles Payne"
Fox Business
The Leuthold Group CIO Doug Ramsey assesses the state of the economy and reveals what is 'propping' it up on 'Making Money.' Begins at the 02.00 timestamp
September 24, 2025
A stock-market selloff could help stamp out inflation: Leuthold Group
MarketWatch
In commentary shared with Joseph Adinolfi of MarketWatch on Wednesday, Ramsey highlighted an interesting pattern in the charts. Stock-market selloffs have appeared to coincide with a near-term peak in inflation. #paywall
September 24, 2025
The Fed's Powell Sees Stocks as Expensive. That's Not His Problem.
Barrons
Leuthold's Doug Ramsey thinks the S&P 500 should be part of the "inflation-forecasting tool kit." Article by Martin Baccardax #paywall
September 17, 2025
Fed rate cuts could set stage for broader U.S. stock gains
Reuters
Lewis Krauskopf cites Doug Ramsey ahead of the Fed's rate cut decision #paywall
September 16, 2025
Doug Ramsey, Leuthold CIO: Fed rate cuts occurring when S&P 500 is w/in 1% of all-time high tend to trigger pullbacks
Barrons
"Fed Rate Decision Comes as the Stock Market Enters Its Worst Period. What’s Next for the Rally" by Martin Baccardax #paywall
September 16, 2025
Leuthold CIO, Doug Ramsey talks about REITs with Brett Arends of MarketWatch
MarketWatch
Opinion: Wall Street hates REITs — why that might be good news for you #paywall
September 15, 2025
Fed Rate Cut: Beware of Unintended Fallout. Leuthold's Ramsey shares concerns
MarketWatch
In a commentary shared with Joseph Adinolfi of MarketWatch, Ramsey's opinion is that the biggest risk of a rate cut would be that it would do little to boost manufacturing activity or revive the housing market. #paywall
September 12, 2025
The stock market looks much different than "the average stock," writes Leuthold's Dir of Research & Equities, Scott Opsal
Barrons
Karishma Vanjani's article, "S&P 500 Barely Snaps Four-Day Winning Streak," cites Leuthold Research #paywall
September 8, 2025
Doug Ramsey, chief investment officer at Leuthold Group, sees parallels to the financial crisis that began in 2007.
Barron's
Barron's reporter Martin Baccardax cites Leuthold research in his latest article: The Fed Is Set to Cut Rates Next Week. Thursday’s Inflation Report Could Suggest It Shouldn’t. (paywall)
August 27, 2025
Leuthold Research Director, Scott Opsal cited in FundFire
FundFire
Leuthold’s Scott Opsal adds to the discussion about semi-liquid funds in an article by Tom Stabile (email enrollment required)
Contact Us
The Leuthold Group
100 North 6th Street, Suite 600A
Minneapolis, MN 55403
612-332-1567
800-273-6886 (Shareholder Services)