Canadian World Fund Limited: Canadian World Fund: Investment Update-Unaudited

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TORONTO, CANADA (MARKET WIRE) Canadian World Fund Limited (CWF) (TSX: CWF) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2007 was $7.76, resulting in a one-year NAV return of -2.3%. This compares with the -7.0% return of the benchmark Morgan Stanley All Country World Index, in Canadian dollar terms, for the same period.

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