Drew Angerer/Getty Images

Text size

Fund managers are growing pessimistic about global economic growth, with more than a third of those surveyed by Bank of America Merrill Lynch expecting expansion to slow in the next year. That’s the gloomiest projection since November 2008.

Newsletter Sign-up Advisor Center Barron’s scans the world’s major publications each day to find news that helps financial advisors serve their clients better. PREVIEW

In addition, 85% of respondents said global growth is in its late stages, though that doesn’t necessarily mean they see a recession around the corner, The Wall Street Journal writes. Indeed, fund managers suggest the 10-year Treasury yield would need to touch 3.7%, which is more than 50 basis points away, to make them more attractive than stocks.