Canadian World Fund Limited Reports 2005 First Quarter Results.TORONTO -- Canadian World Fund Limited (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 ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CWF) had a solid finish in the first quarter of 2005, as reflected by a net asset value return of 1.3% for the period. This exceeded the benchmark, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. All-Country World Free Index which posted -1.4% for the
corresponding period, or -0.9% when 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. CWF's 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. at March 31, 2005 were $22,809,000 compared to $22,526,000 at year-end 2004. Correspondingly, the respective net asset value per share (NAV See navigation system and navigation bar. ) amounts were $5.56 and $5.49. CWF's market return was 6.3% for the same period. CWF's portfolio reflected an unrealized gain Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. on investments of $3,783,000 compared to $4,033,000 at the end of the first quarter of 2004. Realized gains for the first three months of 2005 were $86,000 compared to $1,346,000 for the comparative period last year. Europe, including the U.K., continued to be the dominant portfolio segment at 45.5%. The next largest segments were North America and Asia with weightings of 27.7% and 20.3%, respectively. The top three holdings as at March 31, 2005 were: The Stanley Gibbons Famous people named Gibbons include:
A synthetic object that resembles a missing anatomical part. Mentioned in: Microphthalmia and Anophthalmia and joint replacement manufacturer. Total investment income for the first quarter decreased by 14.1% to $79,000 from $92,000 in 2004. Over the same period, total expenses increased by 18.0% resulting mainly from an increase in management fees caused by higher portfolio values. CWF had a net investment loss of $124,000 for the first quarter of 2005 compared to a loss of $80,000 for the same quarter last year. Canadian World Fund Limited 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
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March 31, March 31,
2005 2004
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Net investment loss for the period (124) (80)
Net realized gain on investments 86 1,346
Change in unrealized gain on investments 322 402
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Increase in net assets resulting from
operations for the period 284 1,668
Increase in net assets resulting from
operations per share 0.07 0.41
As at
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March 31, December 31, March 31,
2005 2004 2004
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Net assets 22,809 22,526 21,306
Net asset value per share 5.56 5.49 5.19
Canadian World Fund Limited (TSX:CWF) |
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