Road test: The BMW X6 may look refined, but it goes like a rocket


Simon Wilgress-Pipe
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THE SPECS

Engine: 4.4-litre V8

Transmission: eight-speed automatic

Power: 523hp

Torque: 750Nm

Price: Dh469,000

If, in some bizarre alternative reality, the speed freaks from The Fast and the Furious developed hitherto undiscovered aesthetic sensibilities and pursued careers as interior designers, the BMW X6 is the car they might choose to replace the zippy vehicles so beloved of that particular movie franchise.

That’s a lot of ifs, admittedly, but the reason for this assertion is less esoteric: the X6 is a highly civilised mode of transport that just happens to go like a rocket.

The X6 seems to be BMW’s latest attempt at a US muscle car. The thing is (whisper it), Germany’s version is probably more fun to drive than any of its Stateside counterparts, or, more than likely, the majority of that ilk that have appeared since the dawn of time.

Give it a little thought, though, and this is not much of a surprise – firstly, the X6 is a BMW (no flies on your esteemed motoring correspondent for noticing that), and the lads and lasses down at Bavaria's best-known motor plant don't have a reputation for sitting around scoffing lunch and clanking glasses together when there's serious engineering work to be done. Secondly, this particular X6 costs several times what standard US muscle cars would. You expect more for your money and, thankfully, in the X6 you get it in spades.

The concept of an SUV coupe, which is what this particular car is, sounds a strange mix (BMW refers to it as an SAV, which stands for sports activity vehicle), but this latest version is now in its third generation, having sold knocking on for half a million units around the world.

No mystery here – this is a prime example of the kind of fossil-fuel-powered transport many carmakers have been producing in recent years. They all know they're drinking in the last-chance saloon when it comes to petrol models, so they're doing their best to knock out chariots that are as close to faultless as they can get them.

Tearing through a tunnel.
Tearing through a tunnel.

The X6 is exactly of this mould. It's a fast, furious hooligan's car in a top hat and tails. It is refined enough to appeal to people who fancy a fast ride, but, concurrently, want one that is civilised to the max. You won't be embarrassed to turn up to a chichi dinner in one or, indeed, be self-conscious should you proffer a lift to Prince Harry and Meghan Markle as they're thumbing a lift to Canada.

But don't let anyone see you floor it at the traffic lights and leave the boy racer in the Golf GTi next to you in your wake. Tempting, naturally, but that kind of thing tends to spoil the sophisticated air you no doubt hope to convey.

EA Sports FC 25

Pad Man

Dir: R Balki

Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte

Three-and-a-half stars

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Day 2, stumps

Pakistan 482

Australia 30/0 (13 ov)

Australia trail by 452 runs with 10 wickets remaining in the innings

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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THE SPECS

Engine: 4.4-litre V8

Transmission: eight-speed automatic

Power: 523hp

Torque: 750Nm

Price: Dh469,000