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. Taxable Preferred Securities

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

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