register free | resend password


Canadian World Fund Limited Reports June 30, 2011 Interim Results

ID: 1025036
recent pressrelease next pressrelease

(businesspress24) - TORONTO, CANADA -- (Marketwire) -- 07/27/11 -- Canadian World Fund Limited's (CWF) (TSX: CWF) net asset value at June 30, 2011 was $42,983,000, a decrease from the $43,462,000 at the end of 2010. CWF's net asset value per share (NAV) at June 30, 2011 was $5.98, down from $6.04 at year end 2010. The NAV return for the six months ended June 30, 2011 was -1.0%, compared with a 0.2% return for the benchmark Morgan Stanley Capital International (MSCI) All Country World Index, expressed in Canadian dollar terms; however, over 12 months, it was 21.3% for CWF versus 15.9% for the Index. CWF's market return to common shareholders for the six months to June 30, 2011 was -3.1%.

CWF's performance was adversely impacted by some of its cyclical and emerging market holdings as commodity prices reacted to China's slowing economy. This, in turn, created negative investor sentiment towards emerging markets which underperformed developed markets. In addition, small to mid-capitalization equities tended to underperform larger and more liquid securities.

In terms of performance of various asset classes, during the second quarter, energy and most hard commodities were consistently weak. Gold was the top asset class as the yellow metal's performance mirrored the "greenback", with all of its gains coming in the final month of the quarter. Bonds outperformed stocks, on concern over a global economic slowdown and the latest flaring up of the European foreign debt crisis. Germany and the U.K. were the top regional performers, followed by the U.S. Commodity-related countries such as Canada, Australia, Russia, and Brazil were among the worst performers.

CWF is a TSX-listed global equities fund that provides one of few opportunities for bottom-up investment in securities of publicly traded, primarily growth companies in a global portfolio.

Contacts:
Canadian World Fund Limited


Jonathan A. Morgan
President & CEO
(416) 366-2931
(416) 366-2729 (FAX)



Keywords (optional):

canadian-world-fund-limited,



Company information / Profile:

PressRelease by

Requests:



PressContact / Agency:



published by: MARKET WIRE
print pressrelease  send to a friend  

Date: 07/27/2011 - 16:22
Language: English
News-ID 1025036
Character count: 0
Kontakt-Informationen:
Firma: Canadian World Fund Limited
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: TORONTO, CANADA
Telefon:

Comments:



Number of hits: 127

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 376
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 46


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.