Bill Gross gets defensive: 'There is little money to be made almost anywhere in the world'

Bill Gross, Portfolio Manager, Janus Capital Group
Lucy Nicholson | Reuters

Veteran investor and Pimco founder Bill Gross is encouraging investors to get defensive as prospects for more stimulus fade and growth falters due to the coronavirus pandemic.

In his latest letter to investors, the one-time "Bond King" outlines his strategy ahead after months of U.S. outperformance compared to other parts of the world. Gross discusses the role that tumbling bond yields and fiscal and monetary support have played.