TD, RBC lead long-term sales for the month
Long-term funds gather almost $2 billion in net sales
Long-term fund sales strong
Sixth straight month of asset growth
Fund assets rise 2%
But preliminary data reveal that investors are drifting out of money market funds and back into long-term funds
Nearly $2 billion flows into long-term funds in June
Industry assets up 9.7% in second quarter
Fourth consecutive month of asset growth
The four funds will then be terminated later this year because of the high costs associated with their management