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Morningstar downgrades three managers
Wednesday 21st of June 2000
Three major fund managers have had their star ratings downgraded by research house Morningstar. In its latest review Morningstar has dropped a star each off AXA New Zealand, ANZ Funds Management and Colonial First State.
Colonial First State and ANZ Funds Management have each seen their ratings drop from four to three stars while AXA has moved from a three to a two star rating.
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