Sizzling equity markets fueled strong investment results for stock mutual funds in the third quarter, but bank-run funds lagged behind their nonbank competitors.

Bank managers of stock funds churned out average total returns of 7.4% during the period, versus 7.7% for nonbank managers, according to CDA/Wiesenberger, a Rockville, Md., fund tracking firm.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.