Wachovia Hybrid and Preferred Securities (WHPPSM) Indicies


DEFINITION of 'Wachovia Hybrid and Preferred Securities (WHPPSM) Indicies'

Market capitalization weighted indicies designed by Wachovia to measure the performance of the U.S. preferred shares in addition to five other specialized indecies. The Wachovia Hybrid and Preferred Securities (WHPS) Aggregate Index consist of preferred securities representing in excess of $100 billion in total market value. The specialized indexes are sub-groups to the main index.

BREAKING DOWN 'Wachovia Hybrid and Preferred Securities (WHPPSM) Indicies'

The aggregate index is composed of five specialized indexes including WHPS Non-REIT Index, WHPS REIT Index, WHPS investment-grade REIT Index, WHPS below-investment-grade REIT Index, and WHPS equity REIT Index.

  1. Hybrid Security

    A security that combines two or more different financial instruments. ...
  2. Subindex

    A group of securities that are part of a larger classification, ...
  3. Taxable Preferred Securities

    A type of preferred equity security that does not qualify for ...
  4. Diffusion Index

    1. A measure of the percentage of stocks that have advanced in ...
  5. Real Estate Investment Trust - ...

    A REIT is a type of security that invests in real estate through ...
  6. Profit Margin

    Profit margin is part of a category of profitability ratios calculated ...
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  1. Can mutual funds invest in REITs?

    Mutual funds invest in stocks and fixed-income securities, as well as various real estate investment trusts (REITs) formed ... Read Full Answer >>
  2. What types of capital are not considered share capital?

    The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
  3. What is the difference between issued share capital and subscribed share capital?

    The difference between subscribed share capital and issued share capital is the former relates to the amount of stock for ... Read Full Answer >>
  4. What is the difference between adjusted and regular funds from operations?

    While regular funds from operations measures the cash flow generated by the operations of a real estate investment trust ... Read Full Answer >>
  5. How can I use the funds from operations to total debt ratio to assess risk?

    The funds from operations (FFO) to total debt ratio is used in fundamental analysis to determine a company's financial risk. ... Read Full Answer >>
  6. What kind of companies in the utilities sector offer the most stable dividends for ...

    Among the companies that offer the most stable dividends for risk-averse investors are large, solidly established U.S.-based ... Read Full Answer >>

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