This is Kurts response (
http://forums.audioholics.com/forums/737906-post36.html) (Owner of Blue Jeans Cable) to this potential variety of cable:
I wouldn't be so quick to assume it's a floated shield. I have seen a lot of different rationales offered for "directionality," none of which make a lot of sense, and without an explanation from the vendor as to what the arrows are purported to mean, or how the cable is internally wired, it's anybody's guess.
Telescoping a shield like this, incidentally, does not really work in unbalanced circuits. When it's done, the two RCA grounds are ordinarily connected by an inner conductor (that is, "balanced" type cable has been used to connect unbalanced gear), because if the cable doesn't contain a signal return path, the return can wind up being quite indirect, which often will result in a lot of noise as well as attenuation of the signal. It does work in balanced gear sometimes (not to reduce induced noise, but to eliminate ground loops), but that's because in balanced circuits there are two signal conductors and both are isolated from ground and have equal impedance to ground but opposite polarity. Anyhow: because there is a conductor in the cable joining the RCA grounds, noise on the shield CANNOT be isolated from either side--it just has a slightly more indirect, but still highly conductive, path to the one side than the other.
Telescoping a shield to reduce induced noise would be an unusual solution and will, in most circumstances, be ineffective. Shield effectiveness is dependent, among other things, on the shield being well-grounded, and removing the ground at one end of the shield will compromise shield effectiveness. In an unbalanced circuit you WANT the noise to shunt to ground, and anything which reduces shield effectiveness will result in more noise reaching the signal side of the circuit.
I have seen a lot of strange rationales given for directional arrows on various cable products. Some people think that copper "sounds" different when hooked up in the direction the wire was drawn, for example (which of course ignores the fact that the signal is alternating current and flows as much in one direction as the other). Some manufacturers put little RC networks into one end of the cable. The floated shield is one possibility, but certainly not the only one, and absent an explanation from Monster I wouldn't assume that that's what's been done here.
Kurt
Blue Jeans Cable