Canadian World Fund Limited

Canadian World Fund Limited

March 03, 2005 11:29 ET

Canadian World Fund: Investment Update-Unaudited


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CANADIAN WORLD FUND LIMITED

TSX SYMBOL: CWF

MARCH 3, 2005 - 11:29 ET

Canadian World Fund: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - March 3, 2005) - Canadian World Fund
Limited (TSX:CWF) reports on an unaudited basis that its net asset value
per share (NAV) at February 28, 2005 was $5.97, resulting in a
year-to-date NAV return of 8.7%. This compares with the 3.4% return of
the benchmark Morgan Stanley All-Country World Free Index, in Canadian
dollar terms, for the same period. The year-to-date market return for
CWF's common shares to February 28 was 16.8%.

For the 12 months ended February 28, 2005, CWF's NAV and market returns
were 11.6% and 19.7%, respectively. The benchmark posted 1.8% for the
same period.

The geographic sector weightings of CWF's investment portfolio at market
as of February 28, 2005 were as follows:



North America 26.4%
United Kingdom 24.3%
Europe (excluding U.K.) 21.4%
Asia 21.8%
Other 6.1%

The top ten investments which comprised 28.6% of the investment
portfolio at market, excluding cash, as of February 28, 2005 were
as follows:

Stanley Gibbons Group Limited (United Kingdom) 4.8%
Niko Resources Ltd. (Canada) 3.3%
Oslo Bors Holding ASA (Norway) 3.1%
Apple Computer Inc. (United States) 2.7%
Corin Group PLC (United Kingdom) 2.7%
Central European Distribution Corporation (Poland) 2.5%
Iliad SA (France) 2.4%
Grupo Financiero Banorte S.A. de C.V. (Mexico) 2.4%
IP2IPO Group plc (United Kingdom) 2.4%
Numis Corporation Plc (United Kingdom) 2.3%



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