Canadian World Fund Limited
TSX : CWF

Canadian World Fund Limited

May 02, 2008 12:07 ET

Canadian World Fund: Investment Update-Unaudited

TORONTO, CANADA--(Marketwire - May 2, 2008) - Canadian World Fund Limited (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at April 30, 2008 was $6.62, resulting in year-to-date and 12-month NAV returns of -15.0% and -7.8%, respectively. These compare with the -2.9% and -10.6% returns of the benchmark Morgan Stanley Capital International All Country World Index, in Canadian dollar terms, for the same periods.

The closing price for CWF's common shares at April 30, 2008 was $5.05, resulting in year-to-date and 12-month market returns of -15.3% and -25.7%, respectively.

The geographic sector weightings of CWF's investment portfolio at market as of April 30, 2008 were as follows:



Europe 25.8%
Asia 24.7%
Canada 22.8%
United States 16.6%
Latin America 8.3%
Africa 1.0%
Australia 0.8%


The top ten investments which comprised 23.9% of the investment portfolio at market as of April 30, 2008 were as follows:



PT Bumi Resources Tbk (Indonesia) 3.7%
Equinox Minerals Limited (Canada) 2.6%
PT Timah Tbk (Indonesia) 2.4%
Deere & Company (United States) 2.3%
Apple Inc. (United States) 2.3%
Autonomy Corporation plc (U.K.) 2.2%
FCStone Group, Inc. (United States) 2.1%
Petrominerales Ltd. (Canada) 2.1%
Freeport-McMoRan Copper & Gold Inc. (United States) 2.1%
HDFC Bank Ltd. (India) 2.1%


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