Risks are rising, and that has Pimco investing in higher quality, highly liquid investments, bond investor Bill Gross told CNBC. "We're buying what the Fed's buying to avoid the complexities of risk going forward," Gross said.
He noted that geopolitical risks are on the rise as tensions build on the Korean peninsula, and there are changes in the euro zone following the Cyprus bailout that may create additional risks investors would want to avoid.
