And, we have a new winner.
Due to a confluence of bond bearishness and equity bullishness, Pimco's
] 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
, and P&I
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