SOURCE: Rydex Investments

April 19, 2007 10:41 ET

Rydex Announces CurrencyShares(SM) Euro Trust Reaches $1 Billion in Assets

Euro-Based ETF Serves as Potential Portfolio Diversifier and Hedge Against Declining Dollar

ROCKVILLE, MD -- (MARKET WIRE) -- April 19, 2007 -- Rydex Investments today announced that assets in CurrencyShares Euro Trust (NYSE: FXE) have surpassed the $1 billion milestone. The ETF, which tracks the underlying price movements of the euro, launched in December 2005 as the world's first currency-based ETF. Rydex attributes the strong asset growth to the attractiveness of currency as an asset class and the convenience of the ETF delivery mechanism.

"The current economic climate and the decline of the U.S. dollar have generated substantial interest in currency as an asset class," said Tim Meyer, ETF business manager at Rydex. "Financial professionals recognize currency's potential to serve as a portfolio diversifier due to its low correlation to stocks and bonds, and they appreciate the ability to invest in currency via a liquid and accessible format."

Following the success of CurrencyShares Euro Trust, Rydex Investments introduced seven additional currency-based ETFs between June 2006 and February 2007: CurrencyShares(SM) Australian Dollar Trust (NYSE:FXA), CurrencyShares(SM) British Pound Sterling Trust (NYSE:FXB), CurrencyShares(SM) Canadian Dollar Trust (NYSE:FXC), CurrencyShares Japanese Yen Trust(SM) (NYSE:FXY), CurrencyShares(SM) Mexican Peso Trust (NYSE:FXM), CurrencyShares(SM) Swedish Krona Trust (NYSE:FXS) and CurrencyShares(SM) Swiss Franc Trust (NYSE:FXF). Each CurrencyShares ETF tracks the price movement of its underlying currency.

In addition to providing a convenient way to access the currency markets, CurrencyShares ETFs offer investors income distributions based on the overnight exchange rates for their underlying currencies. Of the eight currency-based ETFs, CurrencyShares Euro Trust continues to be the most popular among investors due to its broader country exposure to twelve European nations, as well as its longer performance and trading history.

The sponsor of the CurrencyShares Trusts is Rydex Specialized Products LLC, d/b/a Rydex Investments. The distributor of these exchange traded funds is Rydex Distributors, Inc, an affiliate of Rydex Investments and Rydex Specialized Products, LLC. M7 Ventures, LLC provides consultation and support to Rydex in connection to all CurrencyShares exchange-traded products. The Bank of New York (NYSE: BK) is the trustee of the Trust and JPMorgan Worldwide Securities Services (NYSE: JPM), is the depository for each ETF.

This information must be accompanied by a current CurrencyShares prospectus, which may be obtained directly by accessing the following links: CurrencyShares Australian Dollar (FXA); CurrencyShares British Pound Sterling (FXB); CurrencyShares Canadian Dollar (FXC); Currency Shares Euro (FXE); CurrencyShares Japanese Yen (FXY); CurrencyShares Mexican Peso (FXM); CurrencyShares Swedish Krona (FXS); CurrencyShares Swiss Franc (FXF). Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. Each fund's prospectus contains this and other information about the fund. Please read the prospectus carefully before you invest or send money. The CurrencyShares Trusts are not investment companies registered under the Investment Company act of 1940.

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 $15 billion in assets via more than 80 mutual funds and exchange traded products.

CurrencyShares 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.

CurrencyShares is a service mark of Rydex Investments and is protected by copyright.

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