World's largest mutual fund no longer at Pimco

|By:, SA News Editor

Sign of the times: Bill Gross' Total Return Fund (the ETF version is BOND) is no longer the world's largest mutual fund as fixed-income loses favor and indexing makes a comeback. With $251B in AUM, Vanguard's Total Stock Market Index Fund (ETF version is VTI) has moved to the #1 spot.

The Pimco fund is suffering its worst year of redemptions ever, losing $4.4B in October for a YTD total of $33.2B (it's down about another $4B due to market losses). Bond mutual funds in total have seen $117B in redemptions in the four months ended September vs. $35B of inflows into stock funds (earlier: October is 3rd best month ever for stock fund inflows).

Total stock market ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.

Broad bond market ETFs: AGG, BND, LAG, SCHZ, BOND, SAGG, MINC.