OTP Fundman Equity Fund – EUR

The Fund aims to generate outperformance compared to a global stock index in the recommended minimum holding period. As the focus is on stock selection, the equity exposure is typically between 90%-100% depending on the number of attractively priced companies found and the level of the fund managers’ conviction. The Fund invests in equities with a value investing approach. There is no restriction regarding the geography or sector of the investments, but the investment universe has an EMEA regional bias. The Fund tends to find value in under-researched mid-sized companies. Monthly statement Macro environment: Geopolitical tensions did not ease in April, yet the market had clearly learned to live with them, and the tsunami of statements was no longer accompanied by such violent volatility. In the first week of the month, it seemed an agreement might be reached between the parties, causing