Bill Gross, the former manager of the world’s largest bond fund, said prices for many assets will fall this year as record-low interest rates fail to restore sufficient economic growth.
With global expansion still sputtering after years of interest rates near zero, investors will gradually seek alternatives to risky assets, Gross wrote today in an investment outlook for Janus Capital Group Inc. (JNS), where he runs the $1.2 billion Janus Global Unconstrained Bond Fund.
“When the year is done, there will be minus signs in front of returns for many asset classes,” Gross, 70, wrote in the outlook. “The good times are over.”
www.bloomberg.com/news/2015-01-06/...145d9f4535d9b7c71f9bfb699