ProShares Launches Four New Short International ETFs

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PRESS RELEASE

First ETFs Designed to Provide Short Exposure to Europe, Pacific Ex-Japan, Brazil and Mexico

Bethesda, MD, June 18, 2009 — ProFunds Group, the world's largest manager of short and leveraged funds,1 announced today that it is launching four more Short International ProShares.  The new ETFs are the first designed to go up when markets go down in Europe, the Pacific Ex-Japan region, Brazil and Mexico. The new ETFs will be listed on NYSE Arca today. 

"ProShares now offers a large selection of 14 ETFs that offer short or leveraged exposure to a variety of regions and countries,” said Michael L. Sapir, ProFunds Group Chairman and CEO. "With this broad line-up, investors can make tactical shifts as conditions change in markets around the world."

ProShares
Ticker Symbol
 Index Objective*
New Short International ProShares
UltraShort MSCI Europe
EPV
 MSCI Europe Index -200% Daily
UltraShort MSCI Pacific ex-Japan
JPX
 MSCI Pacific ex-Japan Index -200% Daily
UltraShort MSCI Brazil
BZQ
 MSCI Brazil Index -200% Daily
UltraShort MSCI Mexico Investable Market
SMK
 MSCI Mexico Investable Market Index -200% Daily
Existing Short International ProShares
Short MSCI EAFE
EFZ
 MSCI EAFE Index -100% Daily
Short MSCI Emerging Markets
EUM
 MSCI Emerging Markets Index -100% Daily
UltraShort MSCI EAFE
EFU
 MSCI EAFE Index -200% Daily
UltraShort MSCI Emerging Markets
EEV
 MSCI Emerging Markets Index -200% Daily
UltraShort FTSE/Xinhua China 25
FXP
 FTSE/Xinhua China 25 Index -200% Daily
UltraShort MSCI Japan
EWV
 MSCI Japan Index -200% Daily
Ultra International ProShares
Ultra MSCI EAFE
EFO
 MSCI EAFE Index
200% Daily
Ultra MSCI Emerging Markets
EET
 MSCI Emerging Markets Index
200% Daily
Ultra FTSE/Xinhua China 25
XPP
 FTSE/Xinhua China 25 Index
200% Daily
Ultra MSCI Japan
EZJ
 MSCI Japan Index
200% Daily
*Before fees and expenses.

About ProFunds Group

ProFunds Group includes 84 ProShares short and leveraged ETFs, and 115 ProFunds mutual funds. ProShares, which introduced the first short and leveraged ETFs in 2006, continues to be a leader in launching innovative new products—for two years in a row, ProShares has led the industry in attracting assets to newly launched ETFs2 and now is the fourth largest manager of ETFs3 in the nation. Since 1997, ProFunds mutual funds have provided investors with access to sophisticated investment strategies, with offerings that include funds that seek to magnify daily index performance and funds that seek to increase in value when markets decline. The group also manages the Canada-based Horizons BetaPro ETFs.

Media contact:

Tucker Hewes, Hewes Communications, Inc., (212) 207-9451, tucker@hewescomm.com

Note: Due to differences in trading hours between U.S. and foreign markets, the values of the indexes may not be computed as of the close of the U.S. securities markets. In such instances, daily correlation to the indexes will be measured by comparing the daily change in each fund’s net asset value per share to the performance of one or more U.S. exchange traded securities or instruments that reflect the values of the securities underlying the index as of the close of the U.S. securities markets.

All ProShares ETFs and many ProFunds employ leveraged investment techniques that magnify gains and losses and result in greater volatility in value. Each ProShares ETF and leveraged or inverse ProFund seeks a return that is a multiple or inverse multiple (e.g., -200%) of the return of an index or other benchmark (target) for a single day. Due to the compounding of daily returns, ProShares' and leveraged and inverse ProFunds’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the ProShares or ProFunds prospectus.

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Jun 18, 2009