Exercise should beat diet for obese people trying to lose weight and live longer, experts have said, giving added credence to the “fat but fit” approach to a healthy life.
Researchers found that when it comes to getting healthy and cutting the risk of dying early, doing more exercise and improving fitness was more effective than merely shedding kilos.
Multiple studies over 40 years have shown obesity continues to rise despite people trying to lose weight, said Prof Glenn Gaesser, from Arizona State University, and associate professor Siddhartha Angadi, from the University of Virginia.
Applying a “weight-neutral” approach to the treatment of health issues caused by obesity would also cut the health risks associated with yo-yo dieting, they said.
“We would like people to know that fat can be fit, and that fit and healthy bodies come in all shapes and sizes,” Prof Gaesser said.
“We realise that in a weight-obsessed culture, it may be challenging for programmes that are not focused on weight loss to gain traction.
“We're not necessarily against weight loss; we merely think that it shouldn't be the primary criterion for judging the success of a lifestyle intervention programme.”
Writing in the journal iScience, they said “a weight-centric approach to obesity treatment and prevention has been largely ineffective”.
“Repeated weight loss efforts may contribute to weight gain, and is undoubtedly associated with the high prevalence of weight cycling (yo-yo dieting), which is associated with significant health risks,” they wrote.
They highlighted studies suggesting that exercise was better for a longer life than merely losing weight.
They argued that “many obesity-related health conditions are more likely attributable to low physical activity and cardiorespiratory fitness rather than obesity per se".
“Epidemiological studies show that cardiorespiratory fitness and physical activity significantly attenuate, and sometimes eliminate, the increased mortality risk associated with obesity,” they said.
Studies have found that “increasing physical activity or cardiorespiratory fitness is consistently associated with greater reduction in risk of all-cause and cardiovascular mortality than intentional weight loss".
However, the researchers said that adopting a weight-neutral approach “does not mean that weight loss should be categorically discouraged”, especially when so many people want to shed the kilos.
“Shifting the focus away from weight loss as the primary goal, and instead focusing on increasing physical activity to improve cardiorespiratory fitness, may be prudent for treating obesity-related health conditions,” they said.
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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.”
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