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Commodities Briefing - Categorized | Currencies, ETFs / ETCs, Market Moves more

New Russian Ruble ETF offers several interesting trading possibilities

Posted on 17 November 2008

From Seekingalpha.com: Rydex launched a ninth CurrencyShares ETF on the NYSE Arca platform Thursday, giving investors the first Russian ruble exchange traded fund. The fund, which trades under the ticker symbol XRU, offers U.S. investors a long ruble/dollar pair trade.

It holds 1,000 rubles per share and closed 3 cents above its NAV of $36.36. The fund charges 0.40% in expenses, in-line with other CurrencyShares funds, and slightly cheaper than other emerging market currency funds….. Full Article: Source


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VRS - who has written 36545 posts on Opalesque Commodities Briefing.


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