Canadian World Fund Limited Reports 2005 Third Quarter Results.TORONTO -- Canadian World Fund Limited's (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) net asset value per share (NAV See navigation system and navigation bar. ) returns for the three, nine and twelve month periods ended September 30, 2005 were 1.3%, 0.5% and 17.2%, respectively. By comparison, the returns of the benchmark, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. All-Country World Free Index for the same periods were 1.5%,
1.9% and 8.6%, 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 market returns were 13.0% for the third quarter, 17.3% year-to-date and 20.6% over the twelve months to September 30, 2005. 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 September 30, 2005 were $22,632,000 compared to $19,308,000 at September 30, 2004. The corresponding NAVs were $5.52 and $4.71. There was a net gain on investments of $364,000 for the nine months ended September 30, 2005, comprised of a 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 of $2,519,000 and a decrease in 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 $2,155,000. This compares to a net loss on investments of $154,000 for the corresponding period in 2004. CWF's net investment loss for the first nine months of 2005 was $258,000, compared to a loss of $176,000 for the same period in 2004. Europe, including the U.K., and 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. were the dominant portfolio segments with weightings of 35.4% and 35.1% respectively. Asia was the third largest segment with a weighting of 21.2%. The top three holdings as at September 30, 2005 were: The Stanley Gibbons Famous people named Gibbons include:
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 Nine Months
Ended Ended
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Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2005 2004 2005 2004
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Net investment loss for
the period (98) (33) (258) (176)
Net realized gain (loss)
on investments 381 (336) 2,519 1,964
Change in unrealized gain
on investments - net of
future income taxes 15 (869) (2,155) (2,118)
-- ----- ------- -------
Increase (decrease) in
net assets resulting from
operations 298 (1,238) 106 (330)
Increase (decrease) in
net assets resulting from
operations per share 0.07 (0.30) 0.02 (0.08)
As at
-----
Sept. 30, December 31, Sept. 30,
2005 2004 2004
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Net assets 22,632 22,526 19,308
Net asset value per share 5.52 5.49 4.71
Canadian World Fund Limited (TSX:CWF) |
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