Octopus Titan VCT suffers 'disappointing' 23% total return loss in 2022

£319m loss

Octopus Titan VCT suffered a total return loss of 23% over the course of 2022 amid a "difficult global macro environment".

In the VCT's annual results published today (25 April), it revealed that NAV per share had fallen to 76.9p for 2022, down from 105.7p a year earlier. In 2021, the VCT reported a total return of 20.3%. Chair Tom Leader said the decline was "disappointing", adding that it reflected "the difficult global macro environment we have faced in the last year and follows a record year in 2021 in terms of both exit proceeds and total return". Guinness Ventures launches VCT Explaining the fall in fortunes, Leader said, in some cases, valuations have been "adjusted downwards to reflect both...