MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, November 4, 2013 Gross Loses a Title to Vanguard 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. Printed from: MFWire.com/story.asp?s=46649 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |