Answer: Commodity index

**Explanation:** - **Option A (Commodity index):** Correct. Commodity indices are composed of futures contracts on one or more commodities, making them the appropriate choice for this question. - **Option B (Hedge fund index):** Incorrect. Hedge fund indices reflect the returns of hedge funds, which are private investment vehicles often employing leverage and diverse strategies. While hedge funds may use futures contracts, the indices themselves are not composed of futures contracts. - **Option C (Broad equity market index):** Incorrect. Broad equity market indices represent the performance of an entire equity market, typically including a wide range of securities. Although some underlying securities may involve contracts, the index is not composed of futures contracts.

Author: LeetQuiz Editorial Team