Creating a subfolder under Ms Outlook inbox by using EVPM

Folks,

I am asked to use EVPM to create a subfolder under inbox in Ms Outlook where users can store email messages that need to be retained for a long period of time (say 3 years - it could be longer).

I tried to seach on the forum and also read the EV 9.0 utilities guide, but I still have a few things that I am not clear about:

1. Can EVPM create a subfolder under inbox in MS Outlook for all of the Exchange mailbox? OR

2. I should use Exchange (2010) to create the subfolders for every users and then use EVPM to specify a different archiving policy on that folder?

Thanks.