TORONTO, CANADA--(Marketwire - June 3, 2011) - Canadian World Fund Limited (CWF) (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at May 31, 2011 was $6.19, resulting in year-to-date and 12-month NAV returns of 2.5% and 26.3%, respectively. These compare with the 2.8% and 16.5% 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 May 31, 2011 was $4.14, resulting in year-to-date and 12-month market returns of 0.0% and 25.5%, respectively.
| The geographic sector weightings of CWF's investment portfolio at market as of May 31, 2011 were as follows: |
| Canada | 32.5% |
| United States | 20.6% |
| Europe | 19.0% |
| Asia | 18.7% |
| Latin America | 8.0% |
| Australia | 1.2% |
| The top ten investments which comprised 39.3% of the investment portfolio at market as of May 31, 2011 were as follows: |
| Valeant Pharmaceuticals International, Inc. (Canada) | 5.7% |
| Baidu, Inc. (China) | 5.3% |
| Lojas Renner S.A. (Brazil) | 4.4% |
| Equinox Minerals Limited (Canada) | 3.6% |
| HDFC Bank Ltd. (India) | 3.5% |
| Blinkx plc (United Kingdom) | 3.5% |
| Petrofac Limited (United Kingdom) | 3.4% |
| Cash (Canada) | 3.4% |
| Gold Resource Corporation (United States) | 3.3% |
| Mahindra & Mahindra Limited (India) | 3.2% |
Contact Information:
Canadian World Fund Limited
Jonathan A. Morgan
President and CEO
(416) 366-2931
(416) 366-2729 (FAX)
cwffund@mmainvestments.com
www.mmainvestments.com
Jonathan A. Morgan
President and CEO
(416) 366-2931
(416) 366-2729 (FAX)
cwffund@mmainvestments.com
www.mmainvestments.com