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You are an equity fund manager with a portfolio worth $500m. You are expecting a cash inflow of $80m to your fund in three months

You are an equity fund manager with a portfolio worth $500m. You are expecting a cash inflow of $80m to your fund in three months time and are very worried that a rebound from COVID-19 is going to cause a significant rise in the Australian share market in the next three months. Explain fully how you would use the futures market to protect your position.

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