Russell Investments Canada Limited to implement U.S. currency hedging

    TORONTO, June 16 /CNW/ - Effective June 15, 2009, Russell Investments
Canada Limited will commence U.S. currency hedging in the following

    -   Russell Retirement Essentials Portfolio

    -   Russell Retirement Essentials Class Portfolio

    -   Russell Diversified Monthly Income Portfolio

    -   Russell Diversified Monthly Income Class Portfolio

    Clients now can invest in these balanced portfolios without concern that
currency fluctuations between the Canadian and U.S. dollar might materially
affect their returns.
    "While Russell believes that currency impact is largely muted over the
longer term, we also continually monitor the economic and investment
environment and try to minimize any potential risks we can foresee for
clients," says Sadiq S. Adatia, Chief Investment Officer of Russell
Investments Canada.
    "We feel that having this flexibility to hedge the U.S. currency exposure
highlights our commitment to investors as we continue to seek ways to improve
the risk adjusted experience for our clients."
    For more information on Russell Investments or Russell funds, please
visit or call 888-509-1792.

    About Russell

    Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range of
institutional-quality investment products. With approximately $171.2
billionCDN in assets under management (as of 3/31/09), Russell serves
individual, institutional and advisor clients in more than 40 countries.
Russell provides access to some of the world's best money managers. It helps
investors put this access to work in corporate defined benefit and defined
contribution plans, and in the life savings of individual investors.
    Founded in 1936, Russell Investments is a subsidiary of Northwestern
Mutual Life Insurance Company and headquartered in Tacoma, Wash. Russell has
principal offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New
York, Paris, San Francisco, Singapore, Sydney, Tokyo and Toronto.

    Russell Investments Canada Limited is a wholly-owned subsidiary of Frank
Russell Company. For more information, please go to

For further information:

For further information: Thien Huynh, (416) 640-2529; Katita Stark,
(416) 929-9100

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Russell Investments Canada Limited

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