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Canadian World Fund: Investment Update-Unaudited

TORONTO, CANADA -- (Marketwire) -- 01/04/13 -- Canadian World Fund Limited (CWF) (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2012 was $5.33, resulting in a one-year NAV return of 7.9%. This compares with the 11.0% return of the benchmark Morgan Stanley Capital International All Country World Index, in Canadian dollar terms, for the same period.

The closing price for CWF's common shares at December 31, 2012 was $3.45, resulting in an annual market return of -3.1%.

The geographic sector weightings of CWF's investment portfolio at market as of December 31, 2012 were as follows:


United States                                                          28.6%
Canada                                                                 26.8%
Asia                                                                   18.8%
Europe                                                                 15.8%
Latin America                                                           8.7%
Australia                                                               1.3%

The top ten investments which comprised 43.3% of the investment portfolio at market as of December 31, 2012 were as follows:


Lojas Renner S.A. (Brazil)                                              5.3%
HDFC Bank Ltd. (India)                                                  5.3%
Galaxy Entertainment Group Limited (Hong Kong)                          4.7%
Cash (Canada)                                                           4.6%
Mahindra & Mahindra Limited (India)                                     4.4%
Apple Inc. (United States)                                              4.1%
Petrofac Limited (United Kingdom)                                       4.1%
Valeant Pharmaceuticals International, Inc. (Canada)                    3.9%
International Business Machines Corporation (United States)             3.5%
Deere & Company (United States)                                         3.4%

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

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