Toronto, Canada, December 5, 2005 - Canadian World Fund Limited (CWF) (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at November 30, 2005 was $5.44, resulting in a year-to-date NAV return of -0.9%. This compares with the 3.1% 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 November 30 was $4.20, resulting in a year-to-date market return of 5.0%.

For the 12 months ended November 30, 2005, CWF's NAV and market returns were 4.4% and 16.7%, respectively. The benchmark posted 8.2% for the same period.

The geographic sector weightings of CWF's investment portfolio at market as of November 30, 2005 were as follows:

North America:  37.2% United Kingdom:  24.8% Asia:   19.1% Europe (excluding U.K.):   8.6% Latin America:   8.2% Other:   2.1% The top ten investments which comprised 28.2% of the investment portfolio at market, excluding cash, as of November 30, 2005 were as follows: Apple Computer Inc. (United States) 4.5% March Networks Corporation (Canada) 3.8% Google Inc., A (United States) 2.9% Sprint Nextel Corporation (United States) 2.8% Grupo Financiero Banorte S.A. de C.V.(Mexico) 2.7% The Stanley Gibbons Group Limited (United Kingdom) 2.5% Orco Property Group S.A. (Luxembourg) 2.3% Autonomy Corporation plc (United Kingdom) 2.3% Grupo Mexico, S.A. de C.V., B (Mexico) 2.2% HDFC Bank Ltd. (India) 2.2%

 

View more information on Morgan Meighen & Associates or other Closed-End Funds