The FTSE 100, European indices, and US shares all fell on Monday as investors took profits from recent rallies amid signs of a slowdown in China.
Shares in the US raced near to highs last seen in 2011, while UK indices reached new highs for 2012, as investors welcomed further talks between Germany and Greece.
Coping with market volatility has become a pressing need for US equity managers since the start of the financial crisis, but which companies have proved themselves capable of riding out the storm?
Shares across Asia dropped overnight as the ongoing Greek debacle continued to hit sentiment.
Leading fund managers are favouring US equities over markets including China and Europe as the appeal of owning dollar assets helps spark a shift into the world's largest economy.
The latest in a string of better than expected macro data from the US drove markets higher on Friday, with the Nasdaq reaching an 11-year high.