Sector funds were the top performers among bank- and thrift-managed equity funds in the period that ended Sept. 30, clocking the highest returns in the third-quarter, year-to-date, and one-year categories.

Driven by a late September spike in gold prices, First Union Corp.'s Evergreen Precious Metals Fund finished first among bank-managed funds in the third quarter, with a 24.55% return, according to the ranking by Rockville, Md.-based Wiesenberger, a Thomson Financial company.

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