Chrysalis managers stand by unlisted holdings

NAV tumbles 22.8% in three months

Chrysalis investment trust’s net asset value declined by just over 20% between March and June 2022, but remained steadfast in its unlisted positions.

According to the quarterly trading update, the trust's shares stood at 163.5p as of 30 June, a 22.8% drop since the end of March. Nevertheless, the trust's managers, Richard Watts and Nick Williamson, were unperturbed by the results, commenting: "We are encouraged that our NAV outturn was in line with the 23% NASDAQ decline in Q2, particularly when our second largest holding, which represented 19% of the portfolio at the beginning of the period, was marked down by almost 80%. "The implied write down for the rest of the portfolio is approximately 8% which reflects strong trading, a pos...