Canadian World Fund Limited
TSX : CWF

Canadian World Fund Limited

June 05, 2006 11:32 ET

Canadian World Fund: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - June 5, 2006) - Canadian World Fund Limited (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at May 31, 2006 was $6.38, resulting in year-to-date and 12 month NAV returns of 11.0% and 18.1%, respectively. This compares with the -0.5% and 3.3% returns of the benchmark Morgan Stanley All-Country World Free Index, in Canadian dollar terms, for the same periods.

The closing price of CWF's common shares at May 31 was $5.15, resulting in year-to-date and 12 month market returns of 18.4% and 26.2%, respectively.

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



North America 34.5%
United Kingdom 21.7%
Asia 20.8%
Europe (excluding U.K.) 10.1%
Latin America 7.0%
Cash & Cash Equivalents 5.9%


The top ten investments which comprised 28.2% of the investment portfolio at market as of May 31, 2006 were as follows:



Cash & Cash Equivalents 5.9%
March Networks Corporation (Canada) 2.7%
Google Inc. (United States) 2.6%
Pan-Ocean Energy Corporation Limited (Canada) 2.6%
Indiabulls Financial Services Ltd. (India) 2.5%
U.S. Gold Corporation (United States) 2.4%
Stanley Gibbons Group Limited (United Kingdom) 2.4%
Grupo Financiero Banorte, S.A. de C.V. (Mexico) 2.4%
Chariot Resources Limited (Canada) 2.4%
Mahindra & Mahindra Limited (India) 2.3%



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