Canadian World Fund Limited Reports 2004 Second Quarter Results.TORONTO -- The net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of Canadian World Fund Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CWF CWF Colonial Williamsburg Foundation CWF Canada West Foundation (Economic Institute) CWF Canadian Wildlife Federation CWF Common Working File CWF Christian Women's Fellowship CWF Cool White Fluorescent CWF Campaign for Working Families ) (CWF) at June 30, 2004 were up 4.6% on a year-to-date basis despite a 3.6% decrease for the second quarter. Over the same periods, CWF's benchmark, the Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. All-Country World Free Index, increased
6.1% and 2.1%, respectively. For the twelve-month period to June 30, CWF
posted a return of 41.3%, well ahead of 20.9% for the benchmark. All
returns are expressed in Canadian dollar Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin"loonie dollar - the basic monetary unit in many countries; equal to 100 cents terms. Europe, including the U.K., continued to be the dominant portfolio segment at 45.6%, while the second largest segment was Asia with a weighting of 28.7%, followed closely by North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Australia represented the balance of the portfolio. The top five holdings at the quarter-end were Corin Group PLC, a U.K. based medical equipment manufacturer; The Stanley Gibbons Famous people named Gibbons include:
Total investment income for the six-month period to June 30, 2004 decreased by 34.9% to $200,000 from the corresponding period in 2003, while total expenses increased by 34.5% to $343,000. CWF's net investment loss during the first six months of 2004 was $143,000, compared to net investment income of $59,000 for the same period last year. On a year-to-date basis, the net realized gain Realized Gain A gain resulting from selling an asset at a price higher than the original purchase price. Notes: There may be tax consequences for a realized profit. on investments in 2004 was $2,300,000, a significant change from the net realized loss Realized Loss A loss recognized when assets are sold for a price lower than the original purchase price. Notes: A portion of the realized loss may be applied against a capital gain or realized profit to reduce taxes. of $50,000 recorded in the first half of 2003. CWF's closing price per share as at June 30, 2004 was $3.50, reflecting decreases of 14.6% and 2.8% from the prior quarter and prior year-end, respectively. 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.
FINANCIAL HIGHLIGHTS
(in thousands of dollars, except per share amounts)
Three Months Ended Six Months Ended
---------------------------------------------------------------------
June 30, June 30, June 30, June 30,
2004 2003 2004 2003
---------------------------------------------------------------------
Net investment income (loss) (63) 93 (143) 59
Net realized gain (loss)
on investments 954 (185) 2,300 (50)
Change in unrealized
appreciation (depreciation)
of investments (1,651) 1,619 (1,249) (1,137)
---------------------------------------------------------------------
Increase (decrease) in net
assets from operations (760) 1,527 908 (1,128)
Increase (decrease) in net
assets from operations
- per share (0.19) 0.37 0.22 (0.28)
As at
June 30, December 31, June 30,
2004 2003 2003
---------------------------------------------------------------------
Net assets 20,546 19,639 14,544
Net asset value per share 5.01 4.79 3.55
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion