Enter multiple symbols separated by commas

Bill Gross: Investors Should Look at Mexico, Brazil

Bill Gross, the world's biggest bond fund manager at Pimco, said the U.S. is the least bad choice in a poor global investment environment, but this could change if Washington doesn't get control of the nation's fiscal situation.

The Pimco co-founder said investors should also avoid the euro zone as a whole, but he suggested investors might want look at Mexico and Brazil. “They have much more attractive balance sheets, higher growth rates, and more attractive and higher interest rates, as well,” he said.

Gross called “America is the cleanest dirty shirt in terms of financial markets" on CNBC's "Street Signs"Thursday.

“It’s where money is moving towards out of Euro land and out of all the risky peripheral countries,” he said.

Gross highlighted relatively low debt, reserve currency status, and strong property rights as reasons investors continue to favor the U.S. But he cautioned that “it’s not ultimately and inevitably secure in this position.”

– Reuters contributed to this article.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.