Russell Investments Canada Announces Manager Changes to Canadian Equity Portfolios

    TORONTO, March 23 /CNW/ - Russell Investments Canada Limited ("Russell")
is pleased to announce the appointment of Foyston, Gordon & Payne ("Foyston")
and Aurion Capital ("Aurion") as new managers in the Sovereign Canadian Equity
Pool ("the Pool"). Foyston's target weight within the Pool will be 28% while
Aurion's will be 22%. Coincident with this appointment, Connor, Clark and Lunn
("CC&L") and Sanford Bernstein will no longer be managers in the Pool. The
Sovereign Canadian Equity Pool is one of the multi-manager pools in the
Sovereign Investment Program(R).
    Foyston will also be added as a new manager in the Russell Canadian
Equity Fund ("the Fund"), with a target weight of 24% of the Fund. Coincident
with this appointment, CC&L will no longer be a manager of the Fund. The
Russell Canadian Equity Fund is one of the underlying multi-manager funds in
LifePoints(R) Portfolios, Russell's innovative fund-of-funds solution is
available to both individual and institutional investors.
    Russell views these changes as an enhancement to the Canadian equity
portfolios. Going forward, Russell has high confidence in Foyston and Aurion's
ability to provide excess return potential for investors.

    About Russell

    Russell Investment Group is a global leader in multi-manager investing
and one of the world leaders in investment consulting. Russell advises
institutional clients with total assets of over C$2.0 trillion and manages
approximately C$230 billion in its investment management business, which
employs Russell's MULTI ASSET MULTI STYLE MULTI MANAGER(TM) investment
    Russell supports its global operations by monitoring more than 4,000
manager firms and their 8,600 products.
    The company 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 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.

For further information:

For further information: Thien Huynh, Russell Investments Canada, (416)

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Russell Investments Canada Limited

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