Antibodies induced from a recent Covid-19 infection provide longer-term protection against the coronavirus than vaccination, a study in Israel has found.
Research by the Sheba Medical Centre in Ramat Gan, Israel, also found previously infected patients with obesity had a higher and more sustained immune response and protection than overweight and normal weight-range patients.
While protection against reinfection lasts for a long time in Sars-CoV-2 recovered patients, breakthrough infections are increasingly common six months after vaccination with the Pfizer-BioNTech vaccine.
While the number of antibodies decrease with time in both Covid-19 recovered patients and vaccinated individuals, the quality of antibodies increases following infection but not after vaccination
Dr Carmit Cohen,
Sheba Medical Centre
The study’s authors analysed the antibody-induced immune response in people who had recovered from Covid-19 for up to a year.
Their outcomes were compared to those who had received two doses of the Pfizer vaccine without a previous infection over an eight-month period.
The study of 130 patients diagnosed with Covid-19 via a PCR test was conducted by Dr Carmit Cohen at the hospital’s specialist disease prevention unit.
“While the number of antibodies decrease with time in both Covid-19 recovered patients and vaccinated individuals, the quality of antibodies increases following infection but not after vaccination,” said Dr Cohen, a senior researcher at Sheba’s infectious diseases prevention unit.
“These results provide specific characteristics of the immune response that may explain the differential protection against Covid-19 in previously infected and vaccinated individuals.”
Researchers found that the numbers of antibodies a month after vaccination were higher than those who had recovered from Covid-19 but those numbers declined more steeply in the vaccinated group.
What also surprised scientists at the unit was that, against expectations, the antibodies of recovered obese patients were higher than in those either overweight or in a normal weight range.
Obesity was measured by body mass index, with those with a rating of 30 or higher considered obese.
The figures suggested people with obesity who had been previously infected were better protected against reinfection than those who were overweight or normal weight and had been previously infected.
“People with obesity have a significantly higher and sustained humoral [antibody induced] response following infection,” Dr Cohen said.
Medics in the UAE have reported a large percentage of those suffering from long Covid symptoms also had chronic health conditions, such as obesity, diabetes or hypertension.
Of all the recovered patients assessed in the Tel Aviv trial, 42 (36 per cent) experienced long Covid symptoms.
Those symptoms included mental health issues such as depression and anxiety (5 per cent), neurological disorders (9 per cent), cardiovascular conditions (5 per cent) and 31 per cent of patients had some form of respiratory manifestation, like a persistent cough or breathing difficulties.
The research has been peer reviewed and will be presented at the European Congress of Clinical Microbiology and Infectious Diseases in Lisbon in April.
Long Covid symptoms: in pictures
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”