As we may remember, 2021 was a very good year for ODIN’s equity funds. In many ways, 2022 was the exact opposite. There was a reduction in risk appetite, as well as
substantial increases in interest rates.

It is with great pride that we can say that all of ODIN’s equity, interest and balanced funds outperformed their benchmarks in 2021. The funds’ long-term returns have also been good. Eight out of nine funds are outperforming their respective benchmarks from a three and five-year perspective (A unit classes). Overall, our equity funds provided a capital-weighted return of no less than 31.7 per cent.

In what became a different kind of year, 2020, we in ODIN took a diligent, structured approach to sustainability, as we have also done in recent years. Meanwhile, last year represented a further strengthening of this long-term, important work. As a result of our tireless focus on sustainability, we are proud to have finalised ODIN’s sustainability strategy for the next few years.

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.

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.

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.

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.

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.

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.

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.

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.