= A fund manager has estimated a regression of a portfolio's monthly portfolio returns against the...
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= A fund manager has estimated a regression of a portfolio's monthly portfolio returns against the returns of three U.S. domestic equity indexes: the Russell 1000 index (beta = 0.85, R² = 78%), the S&P 500 index (beta = 0.99, R² = 69%) and the Nasdaq 100 index (beta = 0.7, R² = 92%). Based on the regression results, which futures contract should he use for hedging his portfolio? = A fund manager has estimated a regression of a portfolio's monthly portfolio returns against the returns of three U.S. domestic equity indexes: the Russell 1000 index (beta = 0.85, R² = 78%), the S&P 500 index (beta = 0.99, R² = 69%) and the Nasdaq 100 index (beta = 0.7, R² = 92%). Based on the regression results, which futures contract should he use for hedging his portfolio?
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