 Canadian World Fund: Investment Update - Unaudited
Morgan Meighen & Associates
TORONTO, CANADA – Canadian World Fund Limited (CWF) reports on an unaudited basis that its net
asset value per share (NAV) at June 29, 2007 was $7.48, resulting in year-to-date and 12-month NAV
returns of -5.8% and 22.6%, respectively. This compares with the -0.8% and 17.3% returns of the
benchmark Morgan Stanley All Country World Index, in Canadian dollar terms, for the same periods.
The closing price of CWF’s common shares at June 29 was $6.24, resulting in year-to-date and
12-month market returns of -3.3% and 24.8%, respectively.
CWF’s NAV and market returns reflect the dilutive effect of the one-for-one rights offering that
closed on June 7, 2007.
The geographic sector weightings of CWF’s investment portfolio at market
as of June 29, 2007 were as follows:
|
North America |
47.5% |
|
Asia |
15.5% |
|
Europe (excluding U.K) |
14.6% |
|
United Kingdom |
14.0% |
|
Latin America |
7.0% |
|
Africa |
1.4% |
The top ten investments which comprised 22.2% of the investment portfolio at market
as of June 29, 2007 were as follows:
| Cash |
5.0% |
| Iimia Investment Group Plc (U.K.) |
2.3% |
| Apple Inc. (United States) |
2.2% |
| AmRest Holdings N.V. (Netherlands) |
2.0% |
| Bayou Bend Petroleum Ltd. (Canada) |
1.9% |
| Google Inc. (United States) |
1.8% |
| Autonomy Corporation plc (U.K.) |
1.8% |
| Nymex Holdings Inc. (United States) |
1.8% |
| Equinox Minerals Limited (Canada) |
1.7% |
| Sberbank (Russia) |
1.7% |
View more information on Canadian World Fund or other Closed-End Funds.
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