ReturnX investment app launched for South African market
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.