1. You are to form a futures-only portfolio. Choose 3 futures contracts from the different types (index futures, FX futures, commodity futures, and interest rate futures). Choose only 1 futures contract per futures-type.

Please provide a 2-3 sentence description of each futures contract. The contract description should at least include the ticker symbol, contract units for delivery, and settlement method, and the return performance of the underlying asset itself (YTD and over the last 3 years or last 5 years). For example, this might require you to find/research the spot price at the beginning of 2020 and the current spot price in order to compute a YTD return (you may use any credible data source you search for). You are free to provide other descriptive information as well.

2. Based on your outlook of each futures contract over the next 12 months, explain how you would allocate your wealth across the three futures contracts in your portfolio. For your outlook, provide some research and/or analysis you have done (you may research on the internet but please provide your sources) and explain, based on your outlook of the underlying asset, the reasons why you would enter either a long or short position. In other words, clearly explain how being long or short is consistent with your outlook.

In particular, please include the potential effects of macroeconomic (systematic) risk on the specific underlying assets used to value the futures contracts.

Always support your outlook with research, analysis, and facts. No plagiarism.