In QuotedData’s morning briefing 23 November 2023:

• abrdn New India Investment Trust (ANII) announced its interim report for the six months to September 30 2023. Share price total return for the period was 13.7% while the NAV was up 13.2% with the discount narrowing slightly to -18.7% at last close. While impressive on an absolute basis, the company lagged the the MSCI India Index (sterling adjusted) which was up 17.1%. The performance of the trust marked a sharp turnaround from the previous 6 month period where shares fell 8.9%. The returns of the trust and the broader region have been driven by strong economic growth, positive fiscal spending, and modest inflation.
• Worldwide Healthcare Trust (WHH) announced its interim results for the six months to September 30 2023. NAV total return was down 0.6% while shares were up 0.1%, trailing the benchmark MSCI World Health Care Index which was up 0.8%. The discount narrowed to -10.7%. Commenting on the outlook, chair Doug McCutcheon noted that macroeconomic conditions continue to be difficult, however, the fundamentals of the healthcare sector remain strong with elevated M&A activity, an accelerating pace of R&D, and continuing elevated demand.