Barclays ETN Schiller CAPE (CAPE): Price and Financial Metrics ETF

Barclays ETN Schiller CAPE (CAPE) ETF Bio

The investment objective of the Barclays ETN+ Shiller CAPE ETN seeks to track the performance of the Shiller Barclays CAPE US Core Sector Index. The Index aims to provide a notional long exposure to the top four relatively undervalued US equity sectors that also exhibit relatively strong price momentum. The Index incorporates the CAPE ratio to assess equity market valuations of nine sectors on a monthly basis and to identify the relatively undervalued sectors represented in the S&P 500. The Index then selects the top four undervalued sectors that possess relatively stronger price momentum over the past twelve months and allocates an equally weighted notional long position in the total return version of the S&P Select Sector Indices corresponding to the selected sectors.