Bill Gross Loses World’s Largest Mutual Fund Title to Vanguard

Bloomberg reports:

Gross’s Pimco Total Return Fund (PTTRX) 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 (VTSMX) ended October with $251 billion, Vanguard Group Inc. spokesman John Woerth wrote in an e-mail, taking the top spot.