ODIN Finland - Neutral

FUND RESEARCH UPDATE: Fund rating downgraded to Neutral

Matias Möttölä, CFA 23 August, 2015 | 2:06PM
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We have lowered the Morningstar Analyst Rating of ODIN Finland to Neutral from a previous rating of Bronze. The fund has been managed since March 2000 by Truls Haugen, whom we continue to hold in high regard. However, the fund’s investment process has gone through a series of changes in recent years, and we find no proof at this point that the current quality-oriented selection process, which was implemented in 2014, would help this fund outperform its benchmark or peers. In addition, our concerns about ODIN as a steward of investors’ capital have grown. This is reflected in part as high fees in many of its funds, including ODIN Finland.

See the latest Morningstar fund rating news here.

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About Author

Matias Möttölä, CFA

Matias Möttölä, CFA  is a fund analyst and editor of Morningstar.fi.