Wachovia Hybrid and Preferred Securities (WHPPSM) Indicies

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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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Hybrid Security

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

    1. A measure of the percentage of stocks that have advanced in ...
  3. Taxable Preferred Securities

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

    A group of securities that are part of a larger classification, ...
  5. Dividend

    A distribution of a portion of a company's earnings, decided ...
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RELATED FAQS
  1. Why would a company issue preference shares instead of common shares?

    Preference shares, or preferred stock, act as a hybrid between common shares and bond issues. As with any produced good or ... Read Full Answer >>
  2. Why should a company buy back shares it feels are undervalued instead of redeeming ...

    Repurchase and redemption are associated with different classes of stock. Common shares can be bought back by the issuing ... Read Full Answer >>
  3. What are the types of share capital?

    Share capital refers to the funds a company receives from selling ownership shares to the public. A company that issues 1, ... Read Full Answer >>
  4. What are the main disadvantages of fixed income securities?

    Fixed-income securities attract investors because they provide guaranteed returns in the form of fixed, regular cash payments. ... Read Full Answer >>
  5. How can you use a debt service coverage ratio (DSCR) to evaluate real estate investments?

    Historically, real estate has been an attractive way to achieve portfolio diversification for a wide range of investors due ... Read Full Answer >>
  6. What is the average annual dividend yield of companies in the banking sector?

    The average annual dividend yield of companies in the banking sector is 2.4%. This dividend yield is higher than the risk-free ... Read Full Answer >>
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