TORONTO, CANADA--(Marketwire - April 4, 2012) - Canadian World Fund Limited (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at March 31, 2012 was $5.58, resulting in year-to-date and 12-month NAV returns of 13.0% and -9.3%, respectively. These compare with the 9.3% and -0.3% 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 March 31, 2012 was $3.75, resulting in year-to-date and 12-month market returns of 5.3% and -9.6%, respectively.

                                                                            
The geographic sector weightings of CWF's investment portfolio at market as 
of March 31, 2012 were as follows:                                          
                                                                            
  Canada                                                            29.7%  
  United States                                                     29.1%  
  Asia                                                              17.5%  
  Europe                                                            15.4%  
  Latin America                                                      7.2%  
  Australia                                                          1.1%  
                                                                            
The top ten investments which comprised 36.8% of the investment portfolio at
market as of March 31, 2012 were as follows:                                
                                                                            
  Lojas Renner S.A. (Brazil)                                          4.5%  
  Apple Inc. (United States)                                          4.5%  
  HDFC Bank Ltd. (India)                                              4.2%  
  Petrofac Limited (United Kingdom)                                   4.2%  
  International Business Machines                                           
   Corporation (United States)                                        3.6%  
  Mahindra & Mahindra Limited (India)                                 3.4%  
  Valeant Pharmaceuticals International,                                    
   Inc. (Canada)                                                      3.3%  
  Galaxy Entertainment Group Limited (Hong                                  
   Kong)                                                              3.2%  
  Deere & Company (United States)                                     3.0%  
  Baidu, Inc. (China)                                                 2.9%