RBC Funds Inc. said today it had mutual fund net redemptions of $411 million for the month of June, including money market redemptions of $367 million.

Net sales for the 12 months ended June 30 were $2.8 billion, RBC Funds said.

For the six months ended June 30, Royal Select and Royal Select Choices Portfolios posted sales of more than $575 million, including almost $45 million in June. These numbers include the sales of third-party funds incorporated in the Royal Select Choices portfolios.

“The one good thing about bad markets, is that they highlight the importance of taking a portfolio approach,” Brenda Vince, president and COO, RBC Funds Inc., said in a news release. “Investors are taking a broader look at their investments for the long-term and turning to portfolio solutions like our Royal Select and Royal Select Choices Portfolios.”