Net sales by the Canadian mutual fund industry topped $2 billion in June, and included contributions from both long-term funds and money market funds, the Investment Funds Institute of Canada (IFIC) said Tuesday.

Overall net sales for June reached $2.2 billion, comprised of long-term net sales of $2.1 billion and money market net sales of $84.5 million, IFIC said, IFIC reports, based on its own data and data from Investor Economics Inc.

That was down from over $4 billion in overall net sales in May, but up from $1.15 billion in net sales in June last year.

In the first half of 2013, overall sales reached $28.8 billion, with long-term sales topping $31 billion, and money market funds seeing $2.5 billion in net redemptions.

All of the long-term net sales in June came from balanced funds, which reached almost $2.5 billion in the month, while bond funds had $459 million in redemptions, and equity funds recorded $127.8 million in redemptions.

Total mutual fund assets under management (AUM) for June were $907.0 billion, compared to $920.5 billion in May, a drop of 1.5%. However, over the past 12 months, assets are up by 13.7%.