TD Direct Investing launched a new investor sentiment index on Thursday, allowing do-it-yourself investors on its platform to see what their peers are doing.
The monthly investor sentiment index lets investors on the platform analyze anonymized trading data to help them stay engaged and informed, a release from TD said.
The index allows investors to filter through information on the most bought and sold securities and sectors, and data on investor sentiment and engagement across investing styles, age groups and regions.
It also provides a monthly sentiment score ranging from “very bullish” to “very bearish” based on overall buying and selling behaviour on the TD platform.
“Throughout the pandemic, we saw a significant increase in demand for online investing,” said Raymond Chun, president of TD Direct Investing and executive vice-president with TD Bank Group, in a statement.
“With so many Canadians starting self-directed investing for the first time, it’s more important than ever we provide educational resources to help build their investing knowledge.”