TORONTO, CANADA--(Marketwire - July 6, 2009) - Canadian World Fund Limited (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at June 30, 2009 was $3.78, resulting in year-to-date and 12-month NAV returns of 31.7% and -39.8%, respectively. These compare with the 2.1% and -21.4% returns of the benchmark Morgan Stanley Capital International All Country World Index, in Canadian dollar terms, for the same periods.

The closing price for CWF's common shares at June 30, 2009 was $2.69, resulting in year-to-date and 12-month market returns of 18.0% and -44.9%, respectively.

The geographic sector weightings of CWF's investment portfolio at market as of June 30, 2009 were as follows:

Canada                         35.9%
Europe                         20.4%
United States                  20.2%
Asia                           16.0%
Latin America                   6.3%
Australia                       1.2%

The top ten investments which comprised 40.7% of the investment portfolio at market as of June 30, 2009 were as follows:

Bank Term Deposits (Canada)                                 7.4%
HDFC Bank Ltd. (India)                                      4.4%
Apple Inc. (United States)                                  4.3%
Cash (Canada)                                               4.1%
Alliance Grain Traders Income Fund (Canada)                 4.0%
Baidu, Inc. (China)                                         3.9%
Petrominerales Ltd. (Canada)                                3.4%
International Business Machines Corp. (United States)       3.1%
Mahindra & Mahindra Limited (India)                         3.1%
Lojas Renner S.A. (Brazil)                                  3.0%

FOR FURTHER INFORMATION PLEASE CONTACT:

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