A record $156.5 billion was withdrawn from mutual funds in Europe, according to the Lipper FMI report. All asset classes suffered net withdrawals. By comparison, U.S. mutual funds have lost $100 billion year-to-date, according to AMG Data Services.

Around the world, the mutual fund industry is struggling to maintain investorsÂ’ faith, Reuters reports.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.