SOURCE: Rydex Investments

November 14, 2006 17:28 ET

Rydex CurrencyShares(SM) ETFs Reach $1 Billion in Assets in Less Than One Year

Innovative Currency ETFs Are Popular Way to Access Currency Markets

ROCKVILLE, MD -- (MARKET WIRE) -- November 14, 2006 -- In less than a year, the collective asset value of the Rydex CurrencyShares(SM) ETFs -- seven innovative ETFs that provide exposure to the underlying currencies -- surpassed a milestone of one billion dollars. Rydex attributes the strong asset growth to the attractiveness of currency as an asset class and the convenience of the ETF structure as a delivery mechanism. The Rydex CurrencyShares(SM) ETFs aim to overcome some of the logistical and cost barriers historically associated with entry into the currency market by offering investors an opportunity to participate through packaged ETF investments.

Recognized for its ability to make institutional investing concepts more accessible to investors, Rydex introduced the first currency ETF, CurrencyShares(SM) Euro (FXE), in December 2005. In June 2006, six additional CurrencyShares(SM) ETFs were introduced: CurrencyShares(SM) Australian Dollar (FXA), CurrencyShares(SM) British Pound Sterling (FXB), CurrencyShares(SM) Canadian Dollar (FXC), CurrencyShares(SM) Mexican Peso (FXM), CurrencyShares(SM) Swedish Krona (FXS) and CurrencyShares(SM) Swiss Franc (FXF). Each CurrencyShares ETF tracks the price movements of its associated underlying currency.

The first currency ETF, CurrencyShares(SM) Euro (FXE), continues to be the most popular of the seven available CurrencyShares(SM) choices due to its broader country exposure of 12 European nations, its longer performance history and its trading history. Each of the other CurrencyShares(SM) products has shown steady growth and has seen trading activity based on world economic events. For example, CurrencyShares(SM) British Pound has benefited from an increasing interest rate environment while CurrencyShares(SM) Swiss Franc and Swedish Krona have provided an alternative investment option during times of global uncertainty.

"The ability to invest in various currencies via a liquid and accessible format is very popular with financial professionals. We believe that being able to take advantage of international interest rate adjustments and geopolitical issues has been the impetus behind much of the growth," said Tim Meyer, Rydex Investments ETF business line manager. "The speed with which the collective asset value of these products reached one billion dollars in assets is, we believe, evidence to the demand for currency-based exchange traded products."

The sponsor of the CurrencyShares(SM) Trusts is Rydex Specialized Products LLC, d/b/a Rydex Investments. The distributor of these exchange traded funds is Rydex Distributors, Inc. The Bank of New York (NYSE: BK) is the trustee for each ETF and JPMorgan Worldwide Securities Services (NYSE: JPM), is the depository for each ETF.

About Rydex

Rydex Investments continues to drive change in the financial industry by introducing investment products and services that challenge conventional thinking, empower investors and provide essential new options for uncertain market conditions. Rydex manages $14 billion in assets via more than 60 mutual funds and exchange traded products.

CurrencyShares(SM) are subject to risks similar to those of stocks and may not be suitable for all investors. Investors should consider the investment objectives, risks, charges and expenses of these products carefully before investing. The prospectus pertaining to each product contains this and other information about the product. Please read the applicable prospectus, including the Risk Factors section, carefully before you invest. Shares can be bought and sold through a broker and the selling shareholder may have to pay brokerage commissions in connection with the sale. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Shares may only be redeemed directly from the Trust by Authorized Participants via baskets (as defined in the prospectus). There can be no assurance that an active trading market for the shares will develop or be maintained. The value of the shares relates directly to the value of the currency held by the Trust. For a more complete discussion of risk factors applicable to the Trust, carefully read the prospectus.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at A copy of each prospectus may be obtained directly by accessing the following links: Currency Shares Euro (FXE); CurrencyShares British Pound Sterling (FXB); CurrencyShares Canadian Dollar (FXC); CurrencyShares Australian Dollar (FXA); CurrencyShares Swiss Franc (FXF); CurrencyShares Swedish Krona (FXS); CurrencyShares Mexican Peso (FXM). Alternatively, the issuer, any underwriter or any dealer participating in the applicable offering will arrange to send you the prospectus if you request it by calling toll-free 800.820.0888.

Rydex Distributors, Inc, an affiliate of Rydex Investments and Rydex Specialized Products, LLC, is the distributor of the Rydex funds. Rydex Specialized Products, LLC, dba Rydex Investments, is the sponsor of the CurrencyShares(SM) Trust.

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