The funds of emerging equity markets posted net withdrawals for the first time since May

The funds of emerging equity markets posted net withdrawals for the first time since May, in the week ended Dec. 22 amid concerns China will continue tightening monetary policy, cutting a record year for entries, EPFR Global, said .

For the year, emerging markets funds have taken action on a record of 92.5 billion U.S. dollars and bond mutual funds in developing economies the income of 52.5 billion U.S. dollars, almost seven times their income previous year in history.

"Uncertainty about inflationary trends, the investor fear of being caught on the wrong side of controls on capital and profit-making basis kept the pressure on EPFR Global emerging market funds up to enter the last week of 2010, "the Massachusetts-based research company in an emailed statement.

China's central bank raised bank reserve requirements on 10 December for the third time in five weeks as inflation accelerated at its fastest pace in 28 months in November. Housing prices in 70 Chinese cities rose 7.7 percent in November from the previous year, even after the government raised borrowing costs for the first time in three years, suspended to purchase mortgages from a third country and pledged to introduce a property tax.

The Shanghai Composite Index fell 0.5 percent as of 11:30 am local time during a retreat of 1.8 percent per week. The measure has lost 13 percent this year, making China among the worst-performing stock markets in Asia. The MSCI Emerging Markets Index, tracking 21 developing nations, sank 0.2 percent, breaking a three-day gain.

Global stock funds took in 4.5 billion U.S. dollars during the week, while bond funds had net redemptions of $ 2.3 million, according to research firm.