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S&P rates Aviva SMA portfolios

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Standard & Poor's Fund Services (S&P) has rated Aviva's separately managed account (SMA) model portfolios, paving the way for inclusion of the products on dealer group approved lists.

The ratings agency awarded three stars to the Aviva Investors Core Opportunities, Aviva Investors Dividend Builder, Goldman Sachs JBWere Core Australian Equities and UBS GAM High Alpha Long Term Opportunity portfolios.

It also gave four stars to the Aviva Investors Blue Chip Top 20 and Ausbil Australian Concentrated Equity portfolios.

A three-star rating is generally considered as the minimum level at which dealer groups will add product to their products lists.

Aviva distribution development manager Stuart Fechner said it was "fantastic" to get the official tick.

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"It's a positive step forward to SMAs getting some traction in the market," Fechner said.