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Lonsec gives four FI funds highest rating

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Ratings agency Lonsec has given four fixed income funds its highest rating after a review of the sector.

The UBS Australian Bond Fund, Vanguard Australian Fixed Interest Index Fund, EQT PIMCO Global Bond Fund and Goldman Sachs JBWere Core Plus Australian Fixed Income Fund all received a highly-recommended rating.

Lonsec looked at 17 fixed income funds across the Australian, global and diversified fixed interest sectors.

Bond prices have increased sharply over the course of the financial crisis as investors look for safety in government assets.