Mutual funds have collected about $1.27 billion in net sales in June 2011, as compared to $2.1 billion in May 2011, according to Investment Funds Institute of Canada, Investment Executive reports. Funds recorded $224.9 million in net sales in May 2010. Long-term funds posted $1.83 billion net sales in June 2011, as compared to $2.6 billion in May. Funds saw $569.6 million in redemptions in June 2011, as compared to $1.2 billion in June 2010.

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