New Managers Added to Russell Investments' Global Equity Portfolios

    TORONTO, Jan. 28 /CNW/ - Russell Investments Canada Limited ("Russell")
is pleased to announce the appointment of Harris Associates, L.P. and McKinley
Capital Management in the Russell Global Equity Fund ("the Fund") and Russell
Global Equity Pool ("the Pool").
    Coincident with these additions, Altrinsic Global Advisors, LLC will no
longer be a manager in these portfolios.
    We view these manager changes as a structural enhancement to the manager
line-ups in the Fund and the Pool. Going forward, Russell believes this puts
the Global Equity portfolios in a better position to achieve performance

    About Russell Investments

    Russell Investments is a global leader in multi-manager investing and one
of the world leaders in investment consulting. Russell Investments advises
institutional clients with total assets of over C$2.0 trillion and manages
approximately C$225 billion in its investment management business.
    Russell Investments supports its global operations by monitoring more
than 4,000 manager firms and their 8,600 products.
    Russell Investments serves institutional and individual investors with a
full range of investment services, including investment consulting, investment
funds which include private equity and hedge funds, transition management,
commission recapture and stock indexes. Founded in 1936, Russell Investments
has its headquarters in Tacoma, Washington, USA and has principal offices in
Toronto, New York, London, Paris, Sydney, Singapore, Auckland, and Tokyo.
Russell Investments Canada Limited is a wholly-owned subsidiary of Frank
Russell Company. For more information, please go to
    Russell Investment Group is a registered trade name of Frank Russell
Company, a Washington, USA corporation. It operates in Canada through its
subsidiary Russell Investments Canada Limited. Frank Russell Company is a
subsidiary of The Northwestern Mutual Life Insurance Company.

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.
    Nothing is this publication is intended to constitute legal, tax
securities or investment advice, nor an opinion regarding the appropriateness
of any investment, nor a solicitation of any type. This is a publication of
Russell Investments Canada Limited and has been prepared solely for
information purposes. It is made available on an "as is" basis. Russell
Investments Canada Limited does not make any warranty or representation
regarding the information.

    Copyright (C) Russell Investments Canada Limited 2008

For further information:

For further information: Thien Huynh, (416) 992-2766

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