widely held fixed investment trust (WHFIT)


An investment trust consisting of a fixed portfolio of assets such as mortgages or commodities that is held by an intermediary and sold as shares to individual investors. Shareholders share in the income and profit/loss activity of the underlying assets. An example of a WHFIT is a commodity trust such as SPDR Gold Trust. Also called Widely Held Mortgage Trust (WHMT) and Non-Mortgage Widely Held Fixed Investment Trust (NMWHFIT).
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
wide opening wide-ranging day