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The investment objective of the Trust is for the shares to reflect the price in USD of the Russian Ruble. The shares are intended to provide institutional and retail investors with a simple, cost-effective means of gaining investment benefits similar to those of holding Russian Rubles.
The CurrencySharesSM Russian Ruble Trust issues Russian Ruble shares that represent units of fractional undivided beneficial interest in, and ownership of, the Trust.
The issuer, Rydex Investments, is one of the leaders in the ETF marketplace, offering 40 index and currency focused ETFs. Of the 40 listed ETFs, XRU is the ninth CurrencySharesSM product to list on NYSE Arca.
CurrencyShares Russian Ruble Trust - XRU -- www.nyse.com