Feb

16

 They are not parked outside of Barclay's Capital….where you can buy some new ETN's based on the Barclays "Turn of the Month Index Family."

This isn't an April Fools Day Joke! (I'm now inspired to approach Barclays about licensing my Westmister Kennel Club Stock Market Indicator — which is unquestionably also "more efficient … than a traditional buy-and-hold approach." But efficient for whom?)

See more here:

The Barclays Capital Turn of the Month Index Family (TOM™ Index) has been constructed to enable investors to access equity indices in a more efficient way than a traditional buy-and-hold approach. The Barclays Capital TOM™ Index family is based on the TOM™ Strategies that provide a transparent and easy to understand mechanism which hypothesises that the performance of the stock market depends on the trading day during the month

The Barclays Capital TOM™ Long Index invests in the relevant underlying equity benchmark Index on the close of the 4th business day before each month end and closes this position 3 business days after the same month end. The Long Index is not invested during the rest of the month. The TOM™ Long index is available in price return, excess return and total return versions.

The Barclays Capital TOM™ Long/Short Index takes a short equity position on the close of the 11th last business day before each month-end and closes this position on the 5th last business day before month-end. It then takes a long position Index on the close of the 4th last business day before each month end and closes this position 3 business days after the same month end. The long/short index is not invested during the rest of the month. The Barclays Capital TOM™ Long/Short index is available in price return, excess return and total return versions.


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