Investment Manager Outlook Quarterly Tracking of Investment Manager Sentiment Key Trends — June 2008 Investment Manager Survey Welcome to Russell's quarterly Canadian Investment Manager Outlook, intended to generate a meaningful snapshot of Canadian investment manager sentiment. Highlights:   Outlook for U.S. equities improves considerably with bulls up and bears down. Investment managers split on future of Energy and Materials, dimming overall outlook for Canadian equities. Over 95% of investment managers think the Canadian equity market is fairly or overvalued. View the complete report Also in French Investment Manager Outlook Schedule You can expect to see the latest survey results in the final week of each quarter. Canadian Investment Manager Outlook Archive   March 2008 March 2008 - FRENCH December 2007 December 2007 -FRENCH September 2007 September 2007 -FRENCH June 2007 March 2007 December 2006 December 2006 - FRENCH September 2006 June 2006 March 2006 December 2005 US Investment Manager Outlook Archive   March 2008 December 2007 September 2007 June 2007 March 2007 December 2006 September 2006 June 2006 March 2006 December 2005 September 2005 June 2005 March 2005 December 2004 September 2004 June 2004 We define bearish as on balance, an organization's or individual's predominant view based on a belief that general market conditions for the period in question will be negative, and relative valuations of securities in general will trend downward. This view should not be considered investment advice nor does it apply to any specific security. We define bullish as on balance, an organization's or individual's predominant view based on a belief that overall market conditions for the period in question will be positive, and relative valuations of securities in general will trend upward. This view should not be considered investment advice nor does it apply to any specific security.			ABOUT The Investment Manager Outlook As creators of the Russell indexes and the only firm that researches more than 4,500 investment manager products, Russell Investments has extraordinary access to senior-level Canadian investment decision-makers. Prior to the end of each quarter, Russell surveys a sample of those investment managers to collect their top-line opinions about the direction of the markets, sectors/styles to watch, and trends on the horizon that could impact investment strategy. The result of this survey is the Russell Investment Manager Outlook.

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