SOURCE: Rydex Investments

November 13, 2008 09:00 ET

Rydex Investments Launches CurrencyShares(SM) Russian Ruble Trust

New Exchange Traded Product Offers First-Time Exposure to the Russian Ruble

ROCKVILLE, MD--(Marketwire - November 13, 2008) - Rydex Investments -- the firm that pioneered currency-based exchange traded products (ETPs) -- announced that shares of CurrencyShares Russian Ruble Trust will begin trading on the NYSE Arca today. Rydex's newest ETP tracks the daily price movements of the ruble, offering first-time currency exposure to the Russian economy.

     Exchange Traded Product         NYSEArca Ticker    Rubles/Share
CurrencyShares Russian Ruble Trust        XRU              1,000

"Currency has historically shown a low correlation to stocks and bonds, which has made it an attractive asset class for financial professionals seeking portfolio diversification," says Edward Lopez, director of ETF strategies at Rydex Investments. "In addition to potential diversification benefits,* CurrencyShares Russian Ruble Trust offers pure-play access for investors who wish to participate in the growth of an emerging market economy."

Rydex's latest offering complements the firm's existing lineup of eight currency-based exchange traded products that track the euro, Australian dollar, British pound, Canadian dollar, Japanese yen, Mexican peso, Swedish krona and Swiss franc. The CurrencyShares suite has attracted approximately $2.2 billion in assets, or 45% of the industry's total currency ETP assets.**

"CurrencyShares have been well received by investors seeking a convenient and cost-effective way to access currency markets," says Lopez. "We're seeing financial professionals and institutional investors alike use these products to take advantage of interest rate differentials between the U.S. dollar and foreign currencies or to reduce portfolio risk by hedging against currency swings."

The sponsor of CurrencyShares Trusts is Rydex Specialized Products LLC, d/b/a Rydex Investments. The distributor of these exchange traded products is Rydex Distributors, Inc., an affiliate of Rydex Investments and Rydex Specialized Products, LLC. NEXT Investments collaborated with 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) acting through JPMorgan Chase Bank, N.A., London Branch is the depository for each trust.

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); CurrencyShares Euro (FXE); CurrencyShares Mexican Peso (FXM); CurrencyShares Russian Ruble (XRU); 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.

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 the 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, read the prospectus carefully.

*Diversification neither assures a profit or eliminates the risk of experiencing investment losses.

** Source: Citigroup Global Markets ETF Flow Report, October 31, 2008

About Rydex Investments

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 approximately $12.6 billion in assets via nearly 100 mutual funds and exchange traded products.

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