When it comes to gurus, Bill Gross will forever be the Bond King. His prowess in the fixed income space and his focus on total returns ignited a bond investing revolution, launching PIMCO and making his investors wealthy. As such, the world continues to dig deep into his missives and thoughts, both in print and on television.
And these days, Gross is focusing his attention on something other than bonds.
That would be master limited partnerships (MLPs). These energy infrastructure firms offer high yields, strong growth prospects, big returns. and come with certain tax advantages. For investors, following Gross’s big bet on MLPs makes a ton of sense.