Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls
Bill Gross REUTERS/Jim Young Bill Gross told Barron's that oil and gas pipelines are a top investment of his as he seeks alternatives to a tapped-out bond market. He says these publicly-traded multiple limited partnerships offer strong returns with additional tax advantages. Gross has been investing in "conservative" AI names like Microsoft and IBM, but has never owned Nvidia. "Bond King" Bill Gross' favorite investment right now is probably not what you think. Rather than seeking opportunity in the bond market, the legendary billionaire is investing in oil and gas pipelines. Gross notes that the pipelines — which trade as master limited partnerships — possess many of the yield attributes of bonds. He likes them right now because they offer limited risk, good tax benefits, and also the liquidity afforded by the stock market. In a podcast interview with At Barron's , Gross outlined why that these partnerships are so attractive: "First of