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Lonsec downgrades diversified funds

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By Vishal Teckchandani
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1 minute read

Lonsec's annual diversified sector review has resulted in the assignment of only one highly recommended rating to BlackRock, and downgrades to Aberdeen/Credit Suisse and UBS funds.

Lonsec gave two funds an investment grade rating: Australian Unity and Colonial First State.

It also assigned a recommended rating to eight funds: BT, GSJBWere, ING, Maple-Brown Abbott, Perpetual, UBS, Vanguard and Zurich.