Around 75 per cent of expats living in the UAE, Singapore, Germany and Mexico are likely to continue living in their host countries in spite of the Covid-19 pandemic, a survey by international health insurer Aetna has found.
The study, conducted from May 8-16, surveyed 1,000 expats living in the four countries, which were affected by the pandemic in varying degrees.
Expats living in countries where deaths attributed to Covid-19 were low reported greater satisfaction with their living situation in the host nations.
Around 87 per cent of those surveyed in the UAE felt confident in maintaining their expat status, while the figure was 88 per cent in Singapore.
In both countries, Covid19-related deaths per million population remain low. The UAE recorded 194 deaths per 1 million, while the figure was only six in Singapore as of Friday, according to Worldometer, which tracks the pandemic.
Expats living in Germany and Mexico, which were more adversely affected by Covid-19, were less confident. Around 69 per cent of expats in Germany were confident about maintaining their expat status, while 70 per cent in Mexico felt the same.
In both countries, deaths per 1 million of the population were comparatively higher at 1,096 for Germany and 1,841 for Mexico.
Germany has struggled with Covid-19 with vaccination efforts off to a slow start in comparison with countries such as the UAE, were inoculation drives were more robust.
“In what has been a difficult and uncertain time, confidence is key. Especially for those planning and trying to build a life in another country," said Damian Lenihan, executive director of Europe at Aetna International.
"Returning to some sort of ‘normality’ is what everyone is hoping for but feeling safe with access to quality health care is paramount to this becoming a reality. Wherever we are in the world," he added.
A key deciding factor for expats considering whether to move or stay is the quality of healthcare and insurance provided by their host countries.
The Aetna survey found that 70 per cent of expats cited access to quality healthcare as a key concern during the pandemic.
Around 38 per cent of those surveyed said they were concerned enough to consider moving back to their home countries in order to have access to better health care.
Around 32 per cent remained concerned about quality of healthcare but did not consider moving home as a consequence.
In spite of international travel restrictions, around 54 per cent of those surveyed moved back to their home countries temporarily during the pandemic. Most of those were from countries where the pandemic had a bigger impact. Around 65 per cent of expats surveyed in Germany, which has over 3.7 million cases returned home at some point during the pandemic.
The figure was 67 per cent for those living Mexico, which has a total case count of over 2.8 million.
In comparison, only 37 per cent and 34 per cent of expats living in Singapore and UAE, respectively returned to their home countries during the pandemic. The total case counts in Singapore and the UAE are 64,861 and 679,321, respectively as of Friday, according to Worldometer.
GREATEST ROYAL RUMBLE CARD
The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27
50-man Royal Rumble
Universal Championship
Brock Lesnar (champion) v Roman Reigns
Casket match
The Undertaker v Rusev
Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos
Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy
United States Championship
Jeff Hardy (champion) v Jinder Mahal
Singles match
Triple H v John Cena
To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced
The specs: 2018 BMW X2 and X3
Price, as tested: Dh255,150 (X2); Dh383,250 (X3)
Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)
Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)
Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)
Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)
Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)
Abu Dhabi Grand Slam Jiu-Jitsu World Tour Calendar 2018/19
July 29: OTA Gymnasium in Tokyo, Japan
Sep 22-23: LA Convention Centre in Los Angeles, US
Nov 16-18: Carioca Arena Centre in Rio de Janeiro, Brazil
Feb 7-9: Mubadala Arena in Abu Dhabi, UAE
Mar 9-10: Copper Box Arena in London, UK
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
SPECS
Nissan 370z Nismo
Engine: 3.7-litre V6
Transmission: seven-speed automatic
Power: 363hp
Torque: 560Nm
Price: Dh184,500
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
Match info
Manchester United 1
Fred (18')
Wolves 1
Moutinho (53')