Annual-/ and semi-annual reports

Read our annual- and semi-annual reports to get to know ODIN better. In the report you can see the fund portfolios, read the fund commentaries from our portfolio managers, look at the fund performance and what the key indicators for performance are for the future.

Annual Report

  • Equity Funds - 2019
    Like 2018, 2019 was a special year in a positive sense. Expansive central banks and a weaker macro resulted in one of the strongest stock exchange years in the last ten years. The lesson here is that the scepticism everyone felt a year ago turned into a major opportunity.
    Last ned PDF
  • Equity Funds - 2018
    In many ways 2018 been a special year for both stock and credit markets worldwide. Weaker macroeconomic development and trade wars have led to increasing fears that we are heading towards an economic downturn.
    View the whole report
  • Equity Funds - 2017
    The year 2017 was characterised by strong equity markets, and the political events we were worried about at the beginning of the year turned out to be almost non-events for the equity market in 2017. ODIN has again created added-value for customers through excess returns measured against the index.
    View the whole report
  • Equity Funds - 2016
    2016 is history. However, it might be appropriate for some reflections. For many, the year will be remembered for UK`s decision to leave the European Union. Grassroot voters took a stand against the elite in Brussels. Others might look back and think of Marine Le Pen and her progress in the French polls.
    View the whole report
  • Equity Funds - 2015
    At ODIN, we believe it is best to stick to a classic, timeless style when it comes to how we invest the funds our clients have entrusted us with. We know that this means that in periods we will not be seen as the "cooolest", but we believe our strategy will yield good results in the long run and stand the test of time.
    View the whole report
  • Equity Funds - 2014
    ODIN exists to serve our customers. That is our main priority. Our goal is to create good long-term returns with moderate risk. Reaching this goal is also essential to our ability to provide a good workplace for our employees and good results for our owners.
    View the whole report
    Institutional funds - 2014
    Most of the world’s stock markets performed relatively well in 2014, with returns in the range of 0–10 per cent for several of the major stock exchanges.
    View the whole report
  • Equity Funds - 2013
    2013 was an eventful year, but in a positive sense this time. The year also showed that the rumours of the death of equities were greatly exaggerated. We were never in doubt that equity prices would bounce back, as we wrote last year at this time in the same publication.
    View the whole report
    Institutional funds - 2013
    View the whole report

Semi-Annual report

  • Equity Mutual Funds - 2019
    The first half of 2019 in the financial world was characterised by strong markets, geopolitical uncertainty, changing interest rate expectations and weaker macroeconomic figures.
    Last ned PDF
  • Equity Mutual Funds - 2018
    The first six months of 2018 have been characterised by nervous stock exchanges, and developments in our funds have been mixed.
    View the whole report
  • Equity Mutual Funds - 2017
    View the whole report
  • Equity Mutual Funds - 2016
    The first two quarter of 2016 was characterized by great volatility in the stock market. The last major event that gave negative impact on the market was Brexit after the election on June 23.
    View the whole report
  • Equity Mutual Funds - 2015
    The first half of 2015 was a goodperiod for our customers and therefore it was a good period for ODIN as well. The unit holders in ODIN’s mutual fundshad an average return of 11.5 per cent (NOK) as per 30 June. For the money market and bond funds, the return for the period was 0.9 per cent.
    View the whole report
    Institutional funds - 2015
    The returns for the first half of the year are good. However, that period is short, and we know that we are working in markets that fluctuate between growth and decline. Therefore, we know that we may not have experienced the last drop in the markets. That is what it’s like to be an investor.
    View the whole report
  • Equity Mutual Funds - 2014
    The first half of 2014 was a good period for our clients. Shareholders in ODIN's equity mutual funds had an average annual return of 6,5% (NOK) as per 30 June.
    View the whole report
    Institutional funds - 2014
    View the whole report