Gross: US markets have not been so risky since 2008

Risks to US markets are the highest since the financial crisis in 2008, according to the former "King of Bonds" - Bill Gross. Gross is currently managing the bond fund Janus Henderson Global Unconstrained Bond Fund, which has assets of $2 billion.
"Instead of buying low and selling high, you are buying high and squeezing your thumbs," Gross said before Bloomberg Financial News yesterday.
Politics of ultra-low interest on the part of central banks around the world artificially raise the cost of financial assets, the genial investor thinks.
The US economy is expected to grow 2.2% this year and 2.3% next year. Trump's administration promised to boost the economy's growth to 3%.
Despite high asset prices, however, Gross feels forced to invest in the market in some closed-end funds. As an example, he provides the Duff & Phelps Global Utility Income and Nuveen Preferred Income Opportunities.
Gross commented that he holds about 2 to 3% of his assets in index funds for profitability and diversification.
The Gross Fund has earned investors 3.1% for the year to 6 June, exceeding 22% of its competitors. The Fund's total return is 5.4% since Gross took over its management in October of 2014.
The big liquidity in the system is the factor that determines the strong appreciation of the fund assets, Gross said. In a world of negative interest, investors desperately need some return that seeks risky investments.
Low volatility requires low risks, says Gross.