Amundi Asset Management's Global Diversified Fixed Interest Fund is now under the scrutiny of research houses following key staff departures.
The fund manager's London-based chief executive and chief investment officer Bruno Crastes, global fixed income head Vincent Chailley and deputy chief executive Jean-Noel Alba all resigned, Standard & Poor's (S&P) Fund Services said on Friday.
S&P Fund Services revised its four-stars rating on the Amundi product, while Zenith and Morningstar put the fund under review.
"S&P has placed the fund on hold as the departing members were fundamental to the fund's portfolio positioning," S&P fund analyst Anthony Karaminas said.
Zenith, which previously rated the fund as recommended, put the product under review citing Crastes' and Chailley's seniority.
Additionally, Crastes was instrumental in developing the global bond team's investment process and selecting six other portfolio managers that constitute the investment committee, Zenith investment analyst Steve Tang said.
"While there is significant depth within the team, we feel there is sufficient uncertainty to warrant placing the fund under review," he said.
Zenith was concerned the team that was selected by Crastes may follow him to a new employer, Tang said.
The global bond team's decision-making process and Amundi's intention in regards to replacements was also a concern, he said.
Morningstar's recommendation on Amundi is currently under review, Morningstar research analyst Tim Wong said.
Amundi Asset Management Australia chief executive Richard Borysiewicz was unavailable for comment.
The Amundi Global Diversified Fixed Interest Fund was previously known as the Credit Agricole Asset Management (CAAM) Global Bond Fund.
Amundi was formed after the asset management arms of Credit Agricole and Societe Generale combined.
