ODIN is an active manager that is free to invest in companies regardless of their size or growth in a market index. We invest in companies that we believe have the qualities that are necessary to be a future winner.
We have followed the same value-oriented and index-independent investment philosophy since its start-up in 1990. The philosophy, combined with good management, has given the unit holders in ODIN’s equity funds high returns for a number of years. We are convinced that this philosophy is the best point of departure for creating good results in the equity funds over time – in our Nordic, European and global equity funds.
Own analyses
Our investments are made based on our own thorough company analyses in industries and markets we know and understand – where we know what generates results. ODIN is a long-term owner that can withstand short-term market noise.
Corporate governance is a key part of ODIN’s investment strategy. On behalf of our unit holders, we spend time exercising shareholder rights and authority in order to improve the added value and/or highlight the values in the companies in which the funds are invested.
Viewing the world through our own eyes
Reading reports on companies in different companies or on political changes is all fine and well. Viewing it through our own eyes improves our knowledge and gives us a deeper understanding. A key part of the fund manager's role is to visit different markets and companies. By talking with the companies we can gain more knowledge on the operation and improve our understanding of the culture in which they operate.
Value versus growth
An equity fund that is managed based on a value perspective focuses on investing in companies with a solid turnover and earnings, companies that are currently valued at a heavy discount in relation to underlying values - i.e. undervalued companies. The fact that the companies actually earn money and have real values means that there are normally few potentially unfruitful value companies. Historically, the so named value shares have given a better return than growth shares.
Equity funds that are managed based on a growth perspective are funds that try to achieve a high return through investing in companies in industries that are expected to increase in value in the investment area or through long-term cyclical fluctuations. Typical examples are technology companies that aim to develop and introduce the technology of the future. The companies are often valued on what the future may bring, or is in the process of bringing.
