CI Financial Income Fund today reported net sales of $442 million in June.

“This marks CI’s highest ever net sales for the month of June,” says Stephen MacPhail, CI president. “This reflects the strength of our diverse product platforms and the overall excellent performance of our fund lineup.”

Assets under management (AUM) slipped to $67.8 billion as of June 30, down from $69.6 billion at the end of May.

CI subsidiaries CI Investments Inc. and United Financial Corporation had combined gross retail sales of $1.1 billion, with net sales of $442 million consisting of $415 million in long-term funds and $27 million in money market funds. In the last five months, CI has posted gross sales of $5.5 billion and net sales of $1.9 billion.

CI’s AUM at June 30, 2008 consisted of investment funds at CI Investments and United Financial of $65.1 billion, institutional assets at KBSH Capital Management Inc. of $2.7 billion and structured product assets of $549 million. CI also reported assets under administration of $33.4 billion, which consisted of $23.6 billion in assets under administration at Assante Wealth Management (Canada) Ltd. and $9.8 billion in assets under administration at Blackmont Capital Inc.