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Rating:Gross Loses a Title to Vanguard Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 04, 2013

Gross Loses a Title to Vanguard

News summary by MFWire's editors

And, we have a new winner.

Due to a confluence of bond bearishness and equity bullishness, Pimco's [profile] Bill Gross no longer manages the world's biggest mutual fund. His Pimco Total Return Fund (PTTRX) has shrunk by $37.5 billion since the start of this year, ending October with $247.9 billion in assets, according to Bloomberg.

Meanwhile, the newswire reports that the Vanguard Total Stock Market Index Fund (VTSMX) ended October with $251 billion, taking the top spot.

The news caught the attention of a plethora of outlets, including CNN Money, Wall Street Journal, Reuters, MarketWatch, InvestmentNews, SFGate, and P&I

Edited by: Tommy Fernandez


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