New Index Giant

According to data just released by Morningstar, the Vanguard Total Stock Market Index Fund has displaced the Pimco Total Return Fund as the world’s largest fund. The Vanguard fund has grown to $287 billion in assets under management and the Pimco fund stands at $247 billion. The Pimco Total Return fund is a hybrid that stresses income and does so by relying heavily on bonds and dividend paying stocks. The objective of the Vanguard Total Market fund is to produce the same return that investors...