OTP USA Equity Fund – EUR

The aim of the fund is to provide a longer-term investment opportunity for forint, US dollar or euro funds that participate in the performance of US equity markets. The fund is managed with an active investment policy, investing assets in equities listed on US stock exchanges based on fundamental, technical and quantitative analysis. The fund may also use derivative instruments for hedging and efficient portfolio management purposes. Monthly statement Macro Environment: In April, the U.S. economy and labor market remained resilient amid the conflict in the Middle East. In March, 178,000 new jobs were created, and the unemployment rate fell to 4.3%. Inflation, however, surged: consumer prices rose by 0.9% in March, accelerating to an annual rate of 3.3%, mainly due to the war-induced spike in oil prices (gasoline +21%). GDP also expanded, growing by 2.0% on an annualized basis in the firs