Re­turnX in­vest­ment app launched for South African mar­ket

RISKSA Magazine - - CR -

Re­turnX is an in­no­va­tive and user-friendly in­vest­ment app for the South African mar­ket, launched in May, that sources an­a­lyst es­ti­mates for com­pa­nies listed on the JSE and, based on the es­ti­mates, cal­cu­lates an ex­pected re­turn for the com­pa­nies’ shares. The app, which up­dates an­a­lyst es­ti­mates glob­ally ev­ery 24 hours, is well- suited to fi­nan­cial ser­vice pro­fes­sion­als and in­vest­ment spe­cial­ists but it’s easy enough to nav­i­gate and in fact pur­pose­fully in­tended for any­one look­ing to make as­tute in­vest­ment de­ci­sions; and in­vestors can easily as­sess the re­turn pos­si­bil­i­ties for a given share. The app, in ad­di­tion to the SA mar­ket, also of­fers re­sults for shares in the UK and US mar­kets. It’s avail­able for both iOS and An­droid but is cur­rently ex­clu­sively avail­able on mo­bile phones and as yet not op­ti­mised for tablets. The app was de­signed and de­vel­oped by Ivan Mis­sankov, South African fund man­ager and ac­tu­ary, and is backed up by a team of IT de­vel­op­ers based in Europe.

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