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S&P upgrades only three funds in Asian emerging markets

Only three emerging Asia funds were upgraded by Standard & Poors' Fund Research in its latest report on the sector.

The fund rating agency upgraded Deutsche's China Fund, the Baring International Umbrella Fund Hong Kong and Citi Investment Funds' Hong Kong Equity Fund to AA. However, six other funds were downgraded, and several funds lost their ratings entirely over the year. None managed to achieve an upgrade to AAA.

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