Robinhood, a serious US commission-free inventory buying and selling and investing app, on Friday launched the Robinhood Investor Index to trace the highest 100 shares its customers are investing in.
The Index, which relies on information on the inventory holdings or positions of the agency’s 20 million+ funded buyer accounts, will probably be up to date as soon as a month.
“During the last a number of years, we’ve seen our clients—and thousands and thousands extra like them—play an more and more vital function available in the market. With the launch of the Robinhood Investor Index, we’re giving clients, and the world, a take a look at on a regular basis investor positioning and efficiency on Robinhood,” Robinhood defined in an announcement printed on Friday.
Robinhood famous that in contrast to many different indices, its new investor index shouldn’t be “weighted by {dollars} however by conviction.”
“We measure a buyer’s conviction for every funding by trying on the proportion it makes up of their portfolio,” the US buying and selling app operator famous.
Robinhood additional defined, “And to make sure that all clients are equally represented, we common conviction for every funding throughout all clients, whether or not they have $20 or $20 million of their account.
“Our information tells us that Robinhood clients put money into the businesses they’re enthusiastic about, and the Robinhood Investor Index goals to make their voices heard.”
Current Launches
The introduction of the Robinhood Investor Index comes over a month after the inventory buying and selling and funding agency launched choices buying and selling for its money account holders.
Robinhood’s superior clients beforehand may solely commerce shares and trade -traded funds.
Earlier in Might, Robinhood additionally launched a inventory lending programme to advertise a ‘democratized method’ to paid securities lending on its platform.
With the programme, Robinhood defined, a buyer may lend out fully-paid shares of their portfolio by enabling the Inventory Lending characteristic.
By way of Robinhood’s in-app dashboard, clients can observe earnings, see their positions, and allow or disable Inventory Lending at any time, Finance Magnates reported.
In the meantime, in Might, Robinhood disclosed its plans to launch a non-custodial pockets by the tip of this yr.
The pockets, which is to be launched as a standalone app, is being designed to offer Robinhood’s clients complete management of their cryptocurrency in Web3.
Robinhood, a serious US commission-free inventory buying and selling and investing app, on Friday launched the Robinhood Investor Index to trace the highest 100 shares its customers are investing in.
The Index, which relies on information on the inventory holdings or positions of the agency’s 20 million+ funded buyer accounts, will probably be up to date as soon as a month.
“During the last a number of years, we’ve seen our clients—and thousands and thousands extra like them—play an more and more vital function available in the market. With the launch of the Robinhood Investor Index, we’re giving clients, and the world, a take a look at on a regular basis investor positioning and efficiency on Robinhood,” Robinhood defined in an announcement printed on Friday.
Robinhood famous that in contrast to many different indices, its new investor index shouldn’t be “weighted by {dollars} however by conviction.”
“We measure a buyer’s conviction for every funding by trying on the proportion it makes up of their portfolio,” the US buying and selling app operator famous.
Robinhood additional defined, “And to make sure that all clients are equally represented, we common conviction for every funding throughout all clients, whether or not they have $20 or $20 million of their account.
“Our information tells us that Robinhood clients put money into the businesses they’re enthusiastic about, and the Robinhood Investor Index goals to make their voices heard.”
Current Launches
The introduction of the Robinhood Investor Index comes over a month after the inventory buying and selling and funding agency launched choices buying and selling for its money account holders.
Robinhood’s superior clients beforehand may solely commerce shares and trade -traded funds.
Earlier in Might, Robinhood additionally launched a inventory lending programme to advertise a ‘democratized method’ to paid securities lending on its platform.
With the programme, Robinhood defined, a buyer may lend out fully-paid shares of their portfolio by enabling the Inventory Lending characteristic.
By way of Robinhood’s in-app dashboard, clients can observe earnings, see their positions, and allow or disable Inventory Lending at any time, Finance Magnates reported.
In the meantime, in Might, Robinhood disclosed its plans to launch a non-custodial pockets by the tip of this yr.
The pockets, which is to be launched as a standalone app, is being designed to offer Robinhood’s clients complete management of their cryptocurrency in Web3.
