Billionaire investor Bill Gross says the stock market's record-breaking run is set to slow.
His favorite investments at the moment include MLP pipelines and municipal income funds.
"No bear market, but it's not the same bull market anymore," Gross said, adding that equities are set for "low buy positive" returns going forward.
He also sees municipal income funds as a worthwhile investment, as many have offered over 7% tax-free yields.
Gross named the DWS Municipal Income Trust as one example but noted that there are between 20 and 30 others to choose from...
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