'The good times are over'.
Bloomberg News reports that 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, where he runs the $1.2bn 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'.
Six years after the end of the financial crisis, borrowing costs in the world’s richest nations are stuck near zero, a sign investors have little confidence that their economies will strengthen.
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