The Ocean Tomo 300 Patent Index has an corresponding exchange traded fund (ETF) that will be launched by Claymore very soon. Owning companies with valuable intellectual property may let investors profit from products as they come to market.

Seeking Alpha likes the idea, "Ocean Tomo’s index aims to quantify the value of intellectual property owned by companies and then create an index of companies with large intellectual property assets. The index is then further stratified by investment style and company size to create a representative index of universe of companies that rely on intellectual property to create value."

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.