Vantage takes top spot from Pimco in mutual fund ranking
Vanguard index fund ends October with US$251b; Pimco fund has US$247.9b
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[BOSTON] Bill Gross no longer runs the world's largest mutual fund.
His Pimco Total Return Fund has shrunk by US$37.5 billion since the start of this year, ending last month with US$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 US$251 billion, Vanguard Group Inc spokesman John Woerth wrote in an e-mail, taking the top spot.
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