Active ARN rethinks on mid-month highs


The ARN Enterprise Fund was able to benefit from early October's gains without getting too badly stung later, gaining 6.21% for the month for a year-to-date gain of 37.13%.

Active asset allocation was the key, with mid-month market highs prompting a rethink on sentiment, and reducing the fund's beta. The Asia including Japan fund did well in commodity plays as well as good stock selection across the board, said ARN's Christopher Wong.

Wong reckons the year ahead will be even harder to predict, but will be an interesting one.