OTP Strategic EUR Bond Fund – EUR

The fund’s objective is to achieve return above the set minimum return target, while keeping volatility at modest levels. The fund aims to provide access to the euro hard currency fixed income universe; thus, the predominant risk exposure is the European Union. The fund is actively managed and its advantage is an unconstrained strategy to asset allocation, which enables the execution of an all-weather approach within the fixed income universe. The fund can take on leverage and may apply derivative positions. Monthly statement Macro Environment: April 2026 proved challenging for global bond markets as an intensification of the Middle East conflict and the associated energy shock drove a sharp reassessment of inflation risks and monetary policy trajectories. Both European and US rate markets struggled to find direction amid stagflationary concerns, elevated volatility and deteriorating ris