A point I was not clear on. A the shield on shielded lug connector wire must be connected physically to the housing or ground of a component at preferably the reference or signal source end as opposed to an RCA connector where the shield can be grounded to the reference signal end the of connector housing.
Many high end cables use internal conductor design such as Litz wire or other twisted conductor configurations, or thin flat conductor configurations, as a shield by electromagnetic field theory and creating a Faraday cage that does not permit EMI from entering the core signal path. There is no requirement for a physical ground yet the cable is shielded. Read more is if you desire on Faraday’s law and a Faraday Cage. Conclusion, not all shielded cable designs need a physical ground. Some companies combine physical shielding with wire configurations, using both electromagnetic field theory and physical shields to ground.

