The hold recommendation means investors and advisers should hold off placing new money with the fund.
Senior portfolio manager Greg Barnes, a recent addition to AMP's team, has taken responsibility for the fund. "Barnes has over 20 years' investment experience, although he's a relative unknown to us," Morningstar analyst Chris Douglas said.
"This strategy has never been a favourite of ours. There have been a number of rebirths over the years: Barnes is the fourth person to lead
the Australian equities strategy since 2001."
