Canadian World Fund Limited

Canadian World Fund Limited

February 06, 2006 10:04 ET

Canadian World Fund: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - Feb. 6, 2006) - Canadian World Fund Limited (CWF)(TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at January 31, 2006 was $5.75, resulting in a year-to-date NAV return of 8.3%. This compares with the 2.9% return of the benchmark Morgan Stanley All-Country World Free Index, in Canadian dollar terms, for the same period.

The closing price of CWF's common shares at January 31 was $4.75, resulting in a one-year market return of 13.1%. The benchmark posted 7.8% for the same period.

The geographic sector weightings of CWF's investment portfolio at market as of January 31, 2006 were as follows:

North America 36.0%
Asia 24.2%
United Kingdom 21.5%
Latin America 8.6%
Europe (excluding U.K.) 8.2%
Other 1.5%

The top ten investments which comprised 29.1% of the investment portfolio at market, excluding cash, as of January 31, 2006 were as follows:

March Networks Corporation (Canada) 4.9%
Apple Computer Inc. (United States) 4.3%
Google Inc., A (United States) 3.3%
Grupo Financiero Banorte S.A. de C.V. (Mexico) 2.5%
Grupo Mexico, S.A. de C.V., B (Mexico) 2.5%
Equinox Minerals Limited (Canada) 2.5%
Mahindra & Mahindra Limited (India) 2.4%
HDFC Bank Ltd. (India) 2.3%
Pan-Ocean Energy Corporation, B SV (Canada) 2.2%
SARE Holding, S.A. de C.V. (Mexico) 2.2%

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