Today is the 26th of July 2021. You are a UK asset manager and you have 25m Pound Sterling invested in a diversified UK equity portfolio. You are worried about the economic situation in the UK and the adverse effect this could have on the value of your equity portfolio. You are concerned particular what is going to happen over the next three months (until the end of October). Write a report, not exceeding 2,000 words, which is directed to a client or senior management. Your report needs to be well structured, clear and focus on the intuition so that a client or the senior management team who are not as technical as you are understand what you suggest should be done. Your report should include how you could use derivatives to manage/deal with this equity risk over the next few months. You should also use relevant information from the exchange, highlight key calculations and explain what you would have to do, when and why.