Gross tells investors to be content with low returns in 2015

Former PIMCO manager Bill Gross believes the 'good times are over' for markets and has told investors they should be content with low returns this year.

The manager, who moved to Janus Capital last September to manage the $1.2bn Janus Global Unconstrained Bond fund, shared the views in his monthly investment outlook. He said: "When the year [2015] is done, there will be minus signs in front of many asset classes. The good times are over." This is because innovative monetary policy initiatives, looser regulatory policies and additional credit expansion will fail to generate sufficient economic growth, according to Gross. "There comes a time when zero-based, and in some cases negative yields, fail to generate sufficient economic grow...