Canadian World Fund Limited
TSX : CWF

Canadian World Fund Limited

January 04, 2007 11:35 ET

Canadian World Fund: Investment Update-Unaudited

TORONTO, CANADA--(CCNMatthews - Jan. 4, 2007) - Canadian World Fund Limited (CWF)(TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at December 29, 2006 was $7.95, resulting in a one-year NAV return of 38.3%. This compares with the 18.7% 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 December 29, 2006 was $6.45, resulting in an annual market return of 48.3%.

The geographic sector weightings of CWF's investment portfolio at market as of
December 29, 2006 were as follows:



North America 38.3%
Asia 17.8%
Europe (excluding U.K.) 15.8%
United Kingdom 15.2%
Latin America 10.1%
Cash & Cash Equivalents 1.7%
Africa 1.1%


The top ten investments which comprised 25.1% of the investment portfolio at market as of December 29, 2006 were as follows:



Grupo Financiero Banorte S.A. de C.V. (Mexico) 3.3%
Mahindra & Mahindra Limited (India) 3.1%
Google Inc. (United States) 2.8%
Sberbank (Russia) 2.6%
International Nickel Ventures Corporation (Canada) 2.3%
HDFC Bank Ltd. (India) 2.3%
Oslo Bors Holding ASA (Norway) 2.2%
Indiabulls Financial Services Ltd. (India) 2.2%
Engel East Europe N.V. (Netherlands) 2.2%
Logibec Groupe Informatique Limited (Canada) 2.1%

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