Net sales of mutual funds are estimated to be between $1.95 billion and $2.45 billion for June, according to the Investment Funds Institute of Canada. RBC Asset Management Inc. continues to lead the sales charts, with $362 million in monthly net sales. IGM Financial Inc. ranked second with $286 million in net sales ($146 million for its IG subsidiary, and $132 million in its Mackenzie funds). TD Asset Management was the only other firm to produce more than $200 million in net sales.

RBC’s lead was even bigger looking only at long-term funds. RBC had $372 million in long-term net sales. The only other firm that had as much as $200 million in net sales was Desjardins at $201 million. IGM’s long-term total was $192 million, and TD’s long-term total was $155 million.

Other firms with at least $100 million in long-term net sales include BMO Financial, Franklin Templeton, Dynamic Mutual Funds, and IA Clarington.

AIC, Acuity and PH&N were all in long-term net redemptions for the month.

IFIC also reported that net assets of the mutual fund industry at the end of June will be in the range of $704 billion to $709 billion, down approximately 0.7 per cent from last month’s total of $711.9 billion.

“The recent slowdown in the markets brought mutual fund assets down slightly in June,” said vice president, member services & communications Pat Dunwoody. “Sales were down from the previous month to $2.2 billion, but still healthy for this time of year.”