A term used by fund managers which describes the amount of shares of a company they hold. It represents a comparison between their position and an index or benchmark. Holding more shares than the relevant proportion in a benchmark is called being overweight. Having the same proportion is known as being neutral and less is being underweight.
Taking a greater exposure to one investment market or security compared with a benchmark or neutral position. The opposite of underweight.
Refers to an investment position that is larger than the generally accepted benchmark.