[adj. uhn-der-weyt; n. uhn-der-weyt] 
| 1. | weighing less than is usual, required, or proper. |
| 2. | deficiency in weight below a standard or requirement. |
| un·der·weight (ŭn'dər-wāt') adj. Weighing less than is normal, healthy, or required. n. Insufficiency of weight. |
Underweight
An situation where a portfolio does not hold a sufficient amount of securities to satisfy the accepted benchmark of the portfolio's asset allocation strategy.
Investopedia Commentary
For example, if a portfolio normally holds 40% stock and currently holds 30%, the position in equities would be considered underweight.
Related Links
Maintaining Your Mutual Fund Equilibrium
See also: Benchmark, Overweight, Portfolio, Portfolio Management
Also spelled: under-weight, under weight
underweight un·der·weight (ŭn'dər-wāt')
adj.
Weighing less than is normal, healthy, or required. n.
Insufficiency of weight.
dərˈweɪt