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Strategies & Market Trends : Vanguard Mutual Funds
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From: Sr K11/4/2013 11:38:21 AM
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Gross Loses World’s Largest Mutual Fund Title to Vanguard
By Charles Stein - Nov 4, 2013 10:57 AM ET

Nov. 4 (Bloomberg) --- Bill Gross no longer runs the world’s largest mutual fund.

Gross’s Pimco Total Return Fund has shrunk by $37.5 billion since the start of this year, ending last month with $247.9 billion in assets, according to data provided by Pacific Investment Management Co. in Newport Beach, California, and compiled by Bloomberg. The Vanguard Total Stock Market Index Fund ended October with $251 billion, Vanguard Group Inc. spokesman John Woerth wrote in an e-mail, taking the top spot.

bloomberg.com
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