ProShares ETFs Cross $20 Billion in Assets After Two Years in Business

Tue Jun 24, 2008 7:30am EDT

* Reuters is not responsible for the content in this press release.

Most Successful Start in ETF History(1)
BETHESDA, Md.--(Business Wire)--
ProShares announced today, two years after launching the nation's
first leveraged and first short exchange traded funds, that the firm's
net assets had exceeded $20 billion(2). ProShares is the fifth largest
ETF provider in the country(3) and the seventh largest in the
world(4). This year, ProShares ranks second among all U.S. ETF
families in net flows(5).

   "We introduced 64 ETFs in two years, each the first of its kind,"
said ProShares Chairman Michael Sapir. "Through ProShares, investors
have, for the first time, been able to seek profit when a part of the
markets drops, or hedge a portfolio simply by buying an ETF. They have
also been able to magnify their exposure to a variety of market
indexes through ProShares."

   ProShares launched its first ETFs on June 21, 2006, and now
provides investors with short and magnified investment exposure to a
wide range of market indexes. ProShares are benchmarked to domestic
equity indexes which include the S&P 500(R), NASDAQ-100, Russell 2000
and Dow Jones Sector Indexes, such as Oil & Gas and Financials.
Foreign equity indexes represented in the lineup include MSCI EAFE,
MSCI Emerging Markets and FTSE/Xinhua China 25. ProShares recently
introduced the first ETFs designed to provide short exposure to
Treasury securities, as represented by Lehman indexes.

   "Many successful investors have employed shorting and leveraged
investment techniques as part of their strategies," Sapir added. "We
have succeeded by providing investors with access to these techniques
through a simple-to-use vehicle, the ETF."

                  About ProShares and ProFunds Group

   ProShares is part of the $28 billion ProFunds Group, the leader in
short and leveraged ETFs and mutual funds, managing approximately 85%
of the nation's short and leveraged fund assets(6). ProFunds Group
also includes the family of more than 100 ProFunds mutual funds and
manages the Canada-based Horizons BetaPro Funds.

   ProFunds Group describes the portfolio managers common to ProFund
Advisors LLC, advisor to ProFunds mutual funds; and ProShare Advisors
LLC, advisor to ProShares ETFs.

   All investing involves risk, including the possible loss of
principal. Short ProShares should lose value when their market indexes
rise, and they entail certain risks, including, in some or all cases,
aggressive investment techniques, inverse correlation and market price
variance risks, all of which can increase volatility and decrease
performance. ProShares are not diversified investments. Narrowly
focused investments, including sector ETFs, typically exhibit higher
volatility. ProShares are designed to meet daily objectives; results
over longer periods may differ. There is no guarantee that any
ProShares ETF will achieve its investment objective.

   Carefully consider the investment objectives, risks, charges and
expenses of ProShares and ProFunds before investing. This and other
information can be found in their prospectuses. Read the
prospectus(es) carefully before investing. For a ProShares ETF
prospectus, visit www.proshares.com and seek advice from your
financial adviser or broker/dealer representative. Financial
professionals can also call 866-PRO-5125. For a ProFunds mutual funds
prospectus, call 888-PRO-FNDS (individual investors) or 888-PRO-5717
(financial professionals), or visit www.profunds.com. Read the
prospectus(es) carefully before investing.

   ProFunds Distributors, Inc. is distributor for ProFunds mutual
funds. ProShares ETFs are distributed by SEI Investments Distribution
Co., which is not affiliated with any ProFunds Group affiliate.

   "QQQ(R)" and "NASDAQ-100(R)" are trademarks of The NASDAQ OMX
Group, Inc. "S&P 500(R)" Index, S&P MidCap 400(TM) Index and S&P
SmallCap 600(TM )Index are trademarks of The McGraw-Hill Companies,
Inc. "Dow Jones Industrial Average(SM)," "The Dow 30(SM)," "Dow Jones
U.S. Sector Indexes" and "Dow Jones Select Sector Indexes" are service
marks of Dow Jones & Company, Inc. The Russell 2000(R) Index, Russell
2000(R) Growth Index, Russell 2000(R) Value Index, Russell 1000(R)
Growth Index, Russell 1000(R) Value Index, Russell Midcap(R) Growth
Index, and Russell Midcap(R) Value Index are trademarks of Russell
Investments. MSCI, MSCI Inc. and EAFE are service marks of MSCI.
Lehman Brothers and Lehman Brothers Inc. are trademarks of Lehman
Brothers Inc. FTSE/Xinhua China 25 is a trademark of FTSE/Xinhua Index
Limited ("FXI"). All have been licensed for use by ProShares.
"FTSE(R)" is a trademark of the London Stock Exchange PLC and The
Financial Times Limited and is used by FXI under license. "Xinhua(R)"
is a trademark of Xinhua Finance Limited and is used by FXI under
license. ProShares have not been passed on by these entities or their
affiliates as to their legality or suitability. ProShares are not
sponsored, endorsed, sold or promoted by these entities or their
affiliates, and they make no representation regarding the advisability
of investing in these products. THESE ENTITIES AND THEIR AFFILIATES
MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

   2008-2551

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*T
(1) According to FRC, previously the ETF firm that had gathered the
 most assets in its first two years of operation had $5.4 billion.
(2) ProShares net assets exceeded $20 billion on 6/20/2008.
(3) Source: Bloomberg, based on assets as of 5/30/2008.
(4) Source: Morgan Stanley report "Exchange Traded Funds Q1 2008
 Global Review."
(5) Source: American Stock Exchange through May 2008.
(6) Based on a comparison of average daily short and leveraged ETF,
 ETN and mutual fund assets for May 2008, for ProFunds Group,
 Direxion, MacroShares, PowerShares/Deutsche Bank, Rydex, UBS, and Van
 Eck.
*T

Media:
Hewes Communications, Inc.
Tucker Hewes, 212-207-9451
tucker@hewescomm.com

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