Leading the losing pack was the commodity sector, with WTI crude slumping almost 19 percent in the month of July on a confluence factors including persistent strength in the dollar, excess production worries and the general weakness in China.
"Analysts have been in a huge hurry to downgrade their medium-term forecasts (in commodities). I think that is probably the wrong way to think about it. But it is still very difficult, not a sector we are hugely exposed to. We are very disappointed in the opportunities that are being presented to us," said fund manager at GLG, Henry Dixon.
Despite concerns around the volatility seen in the Chinese market, as a well as Greek debt fears, the traditional safe haven gold did not get a bid, losing over 7 percent, pressurized by the stronger dollar, which is flat on the month after seeing a spike in the middle of the month.
Foreign exchange markets also saw a month of records, with the Mexican peso at an all-time low and currencies in Turkey, Braziland South Africa also hitting their lowest levels in more than a decade.