Nearly all categories of mutual funds posted strong performance gains in October, but analysts said the numbers don't necessarily mean that the fund industry will grow significantly before year-end.

Equity funds gained 5.76% in October, according to a report issued last week by New York-based Lipper. Sector equity funds rose nearly 8%. And science and technology funds gained 16.6% after six consecutive months of losses.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.