Small-cap, gold and China funds delivered double-digit returns in the first quarter of the year, outperforming diversified U.S. equity funds' returns of 6.67% and large-caps' 3.07%, according to Lipper data, the Associated Press reports.

Aggressive small-cap funds returned 12.56% and conservative small-cap funds returned 10.56%. Gold funds, meanwhile, rose 21.37% and China funds delivered 19.95%.

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