The Barclays ETN + Shiller CAPE ETN (CAPE) opens for trade. The note tracks an index using...

|About: Barclays ETN+ Shiller CA... (CAPE)|By:, SA News Editor

The Barclays ETN + Shiller CAPE ETN (CAPE) opens for trade. The note tracks an index using Shiller's cyclically adjusted PE ratio (CAPE) to identify relatively undervalued sectors of the S&P. The index then buys the undervalued sectors with the strongest price momentum over the past year.