OTP USA Equity Fund – USD

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 early June, major U.S. stock indices rose to near new highs, led by technology and AI-themed stocks. The labor market expanded faster than expected (172,000 new U.S. jobs in May, unemployment at 4.3%), while annual inflation accelerated to 4.2% (a three-year high) driven by rising energy prices. At the Fed’s June 17 meeting, chaired by Kevin Warsh, the federal funds rate remained unchanged at 3.5–3.75%, but the central