Vanguard

Bill Gross' Pimco Total Return fund has lost its position as the largest mutual fund in the world after investors pulled over 13% of assets from the fund since the summer.

UNCLEAR

QUICK QUIZ

Yesterday Aberdeen Asset Management confirmed rumours it was in talks to buy Scottish Widows Investment Partnership (SWIP), a deal which would make it the largest listed fund management firm in Europe.

Vanguard Asset Management has listed four new Irish-domiciled ETFs on the SIX Swiss Exchange.

THE FEES CHAT

The fund management group says Dutch ban on commission payments will improve cost transparency, competition and product access and quality.

Vanguard managing director Thomas Rampulla and AXA IM UK head Irshaad Ahmad have joined the IMA board, boosting total numbers to 18.

BEHAVIOUR

Vanguard Asset Management has launched four Irish-domiciled ETFs with total expense ratios (TERs) ranging from 0.15% to 0.29%, taking its range listed on the London Stock Exchange to nine.