Canadian World Fund Limited
TSX : CWF

Canadian World Fund Limited

July 03, 2008 11:20 ET

Canadian World Fund: Investment Update-Unaudited

TORONTO, CANADA--(Marketwire - July 3, 2008) - Canadian World Fund Limited (CWF) (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at June 30, 2008 was $6.27, resulting in year-to-date and 12-month NAV returns of -19.5% and -16.2%, respectively. These compare with the -9.1% and -14.8% 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 June 30, 2008 was $4.88, resulting in year-to-date and 12-month market returns of -18.1% and -21.8%, respectively.

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



Canada 26.9%
Europe 24.7%
Asia 21.1%
United States 16.1%
Latin America 8.9%
Australia 1.4%
Africa 0.9%

The top ten investments which comprised 29.4% of the investment portfolio
at market as of June 30, 2008 were as follows:

PT Bumi Resources Tbk (Indonesia) 4.7%
Cash 4.5%
PT Timah Tbk (Indonesia) 2.9%
Petrofac Limited (U.K.) 2.7%
Central European Distribution Corporation (Poland) 2.6%
Equinox Minerals Limited (Canada) 2.5%
Autonomy Corporation plc (U.K.) 2.5%
Lojas Renner S.A. (Brazil) 2.4%
Apple Inc. (United States) 2.3%
Freeport-McMoRan Copper & Gold Inc. (United States) 2.3%

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