While many across Wall Street now refer to Jeffery Gundlach of DoubleLine Capital as the current and reigning “Bond King,” the OG for many older investors is Bill Gross. Gross co-founded Pacific Investment Management and led PIMCO to unprecedented heights and success in the 1990s and early 2000s.
In a recent article, Gross stated that he felt that the current bull market had the potential to run out of steam soon, and he suggested that it makes sense to shift to a more defensive posture. He recommended energy master limited partnerships (MLPs), especially the top pipeline companies, and also suggested higher-yielding municipal bond funds. We found two MLPs and two muni funds that fit the bill perfectly.
This post originally appeared at 24/7 Wall St.