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A fund manager has a portfolio worth $50million with a beta of 0.87. The manager is concerned about the performance of the market over the next two months and plans to use three-month futures contracts on the_____________.

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A fund manager has portfolio worth $50 million with a beta of 0.87. The manager is concerned about the performance of the market over the next two months and plans to use 3-month future contracts on the S&P 500 to hedge the risk.

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