Canadian World Fund: Investment Update-Unaudited

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Tue Aug 5, 2008 12:48pm EDT 

  TORONTO, CANADA, Aug 05 (MARKET WIRE) -- 
Canadian World Fund Limited (TSX: CWF) reports on an unaudited basis that
its net asset value per share (NAV) at July 31, 2008 was $5.90, resulting
in year-to-date and 12-month NAV returns of -24.3% and -22.6%,
respectively. These compare with the -11.0% and -15.4% 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 July 31, 2008 was $4.60,
resulting in year-to-date and 12-month market returns of -22.8% and
-26.4%, respectively.

    The geographic sector weightings of CWF's investment portfolio at market
as of July 31, 2008 were as follows:


 Canada                                                    27.9%
 Europe                                                    26.4%
 Asia                                                      18.0%
 United States                                             16.6%
 Latin America                                              9.0%
 Australia                                                  1.1%
 Africa                                                     1.0%


    The top ten investments which comprised 31.6% of the investment
portfolio at market as of July 31, 2008 were as follows:


 Cash                                                       7.3%
 Autonomy Corporation plc (U.K.)                            3.3%
 Central European Distribution Corporation (Poland)         2.9%
 PT Bumi Resources Tbk (Indonesia)                          2.9%
 Lojas Renner S.A. (Brazil)                                 2.8%
 Equinox Minerals Limited (Canada)                          2.7%
 Petrofac Limited (U.K.)                                    2.7%
 Apple Inc. (United States)                                 2.4%
 Deere & Company (United States)                            2.3%
 Baidu.com, Inc. (China)                                    2.3%


    

Contacts:
Canadian World Fund Limited
Jonathan A. Morgan
President and CEO
(416) 366-2931
(416) 366-2729 (FAX)
Email: cwffund@mmainvestments.com
Website: www.mmainvestments.com

Copyright 2008, Market Wire, All rights reserved.

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